UPDATE 2-Volvo Q1 powers ahead of forecast on strong demand

Newswire

(Adds analyst, dealer quotes, detail) By Niklas Pollard STOCKHOLM, April 25 (Reuters) - World number-two truck maker Volvo posted a forecast-beating 53-percent rise in first-quarter pretax earnings on Monday, shrugging off high raw material prices thanks to strong demand. Volvo reported pretax profit of 4.6 billion Swedish crowns ($655.7 million) versus an average forecast of 3.7 billion in a Reuters poll of 13 analysts and 3.0 billion a year ago. "It is a great report. The main ...

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