UPDATE 1-SKF Q1 strong, sees higher demand

Newswire

(Adds details, share, analyst) STOCKHOLM, April 25 (Reuters) - SKF , the world's biggest bearings maker, reported first-quarter pretax profit above market consensus on Tuesday and said it saw slightly better demand in the second quarter, sending its shares up. 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 in a Reuters poll. Sales rose to 13.29 billion crowns from 11.87 billion in ...

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