UPDATE 2-Volvo Q1 beats forecasts, sees key markets falling

Newswire

(Adds share price, analyst comments, detail) By Jan Strupczewski STOCKHOLM, April 28 (Reuters) - The world's number two truck maker, Sweden's AB Volvo, reported higher-than-expected first quarter profits 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 the consensus of 550 million crowns from a Reuters poll of 15 analysts due to demand for new products and cost cutting. It ...

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