UPDATE 3-Volvo first-quarter pretax profit beats forecasts

Newswire

(Adds share, analyst comment in paras 11-12) By Niklas Pollard STOCKHOLM, April 25 (Reuters) - Rising demand helped world number-two truck maker Volvo shrug off high raw material prices with a forecast-beating 53-percent rise in first-quarter pretax earnings on Monday. Volvo reported pretax profit of 4.6 billion Swedish crowns ($655.7 million), up from 3.0 billion a year earlier. It had been expected to earn 3.7 billion, according to the average estimate in a Reuters poll of 13 ...

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