Scania Q2 pretax lags consensus, share falls

Newswire

STOCKHOLM, July 26 (Reuters) - Truck maker Scania posted a smaller-than-expected rise in second-quarter pretax earnings on Thursday but said it saw demand remaining strong. The Swedish firm, which escaped a hostile bid by German rival MAN earlier this year, said pretax profit rose to 2.90 billion crowns ($432 million) from 1.98 billion a year ago, lagging the mean forecast of 3.04 billion seen in a Reuters poll of 13 analysts. Quarterly sales at the firm, which makes heavy-duty trucks as ...

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