UPDATE 2-SKF Q4 pretax and payout disappoint, shares slide

Newswire

(Adds analyst comment, background, updates share) By Niklas Pollard STOCKHOLM, Jan 26 (Reuters) - Sweden's SKF reported fourth-quarter pretax earnings below market consensus on Thursday and doused expectations of a huge pay-out to stockholders, sending its shares sharply lower. Quarterly pretax profit at the world's biggest bearing maker rose to 1.28 billion crowns ($169.4 million) from 1.11 billion a year earlier, but undershot the average forecast of 1.32 billion in a Reuters poll of ...

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