UPDATE 1-Volvo Q1 beats expectations, sees key mkts falling

Newswire

(Adds detail, background, analyst comment) By Jan Strupczewski STOCKHOLM, April 28 (Reuters) - The global number two truck maker, Sweden's AB Volvo, reported higher-than-expected profits for the first quarter on Monday but said demand for heavy trucks in two key markets would fall this year. Volvo reported a pre-tax profit of 757 million crowns ($91.45 million), topping a market consensus of 550 million crowns in a Reuters poll of analysts thanks to demand for new products and cost ...

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