Volvo Q1 profit tops forecast, ups outlook

Markets Reuters

STOCKHOLM (Reuters) - World number two truck maker Volvo <VOLVb.ST> <VOLVb.ST> posted a bigger-than-expected rise in first-quarter earnings on Wednesday and raised its forecast for truck markets in both Europe and North America.

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Sweden's Volvo reported operating earnings of 6.52 billion Swedish crowns ($1.07 billion) compared to a year-ago 2.80 billion to beat a mean forecast for profits of 5.51 billion seen in a Reuters poll of analysts.

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