SKF Q1 pretax tops consensus, sees better Q2 demand

Newswire

STOCKHOLM, April 25 (Reuters) - Sweden's SKF , the world's biggest bearings maker, reported first-quarter pretax earnings above market expectations on Tuesday and said it saw demand improving slightly in the second quarter. Quarterly pretax profit rose to 1.60 billion crowns ($212 million) from 1.18 billion a year earlier, topping the highest forecast of 1.51 billion crowns seen in a poll of 14 analysts. Sales rose to 13.29 billion crowns from 11.87 in the same quarter in 2005 and were ...

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