UPDATE 3-Volkswagen stock falls as Q1 badly lags estimates

Newswire

(Adds management and new analyst comments) By Christiaan Hetzner FRANKFURT, April 28 (Reuters) - The turnaround at Volkswagen AG's core VW brand badly lagged market expectations on Friday even as the world's fourth-largest carmaker increased first-quarter operating profit by 55 percent. The news sent VW shares down more than 5 percent just a day after DaimlerChrysler stock declined sharply following a poor set of quarterly results, as investor confidence in the pace of the sector's ...

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