UPDATE 3-Volvo profit soars, raises Europe sales forecast

Newswire

(Adds shares, analyst quotes, details from conference call) By Patrick McLoughlin STOCKHOLM, Oct 23 (Reuters) - The world's number-two truck maker AB Volvo beat expectations with its quarterly profits on Thursday, helped by cost savings, and raised its industry-wide forecast for west European sales of heavy trucks this year. Volvo shares climbed more than seven percent on the news. Pre-tax profit came in at 1.3 billion Swedish crowns ($169.5 million) compared with a forecast of 940 ...

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