Volvo Q1 beats expectations, sees key mkts down

Newswire

STOCKHOLM, April 25 (Reuters) - The global number two truck maker, Sweden's AB Volvo, reported a swing to a higher than expected profit in the first quarter on Monday but said demand for heavy trucks in two key markets would fall this year. Volvo reported a pre-tax profit of 757 million crowns ($91.45 million) against expectations of 550 million and a 618 million loss the year before. Sales were 40.9 billion crowns against expectations of 39.6 billion and 40.4 billion in the first ...

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