SKF shares drop as demand outlook renews cyclical worries

STOCKHOLM (Reuters) - Sweden's SKF , the world's largest ball-bearing maker, forecast lower year-on-year demand in the fourth quarter, overshadowing in-line quarterly operating earnings and sending shares lower on Tuesday.The rival of Germany's Schaeffler said it expected fourth-quarter demand to be lower versus the year-ago quarter, with slightly lower demand seen for its industrial business and lower demand seen for its automotive business.SKF shares fell 3.5% following the results, reversing..