UPDATE 2-Volvo profit soars, raises Europe sales forecast


(Adds detail, analyst quotes) By Patrick McLoughlin STOCKHOLM, Oct 23 (Reuters) - The world's number-two truck maker, AB Volvo , posted better-than-expected third-quarter profit on Thursday due to cost cuts and raised its forecast for total western European heavy truck sales this year. Pre-tax profit came in at 1.3 billion Swedish crowns ($169.5 million) compared with a forecast of 940 million crowns in a Reuters poll of analysts and 584 million crowns in the same period last year. ...

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