UPDATE 4-Volvo profit soars, raises Europe sales forecast

Newswire

(Adds CEO comment on U.S. market, updates shares) By Patrick McLoughlin and Niklas Pollard 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 view on demand in Europe, sending its shares sharply higher. Pre-tax profit came in at 1.3 billion Swedish crowns ($169.5 million), way over a forecast of 940 million crowns in a Reuters poll and up from 584 million a year ago. ...

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