UPDATE 1-VW Q1 profit disappoints, stock drops

Newswire

(Adds details from statement, share) FRANKFURT, April 28 (Reuters) - Volkswagen , the world's fourth-largest carmaker, increased first-quarter operating profit by 55 percent to 726 million euros ($902 million), the company said on Friday, missing market expectations. The average estimate from a Reuters poll of 14 banks and brokerages indicated the market had expected operating profit would double to 920 million euros before special items from a restated 468 million a year earlier, amid a ...

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