Sandvik Q1 pretax earnings beat consensus

Newswire

STOCKHOLM, May 3 (Reuters) - Specialty steel and tool maker Sandvik posted first-quarter pretax earnings above consensus on Tuesday boosted by firm demand, not least from a booming mining industry.

Sandvik reported a quarterly pretax profit of 1.9 billion Swedish crowns ($265.9 million) versus a year-ago 1.5 billion and the 1.8 billion seen in a Reuters poll of 11 analysts.

Sales rose to 14.2 billion crowns compared to 12.7 billion crowns in the corresponding quarter ...

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