Volvo swings to Q1 profit, above forecast

STOCKHOLM, April 23 (BestGrowthStock) – World number two truck maker
Volvo (VOLVb.ST: ) swung to a much bigger-than-expected first
quarter profit (Read more your timing to make a profit.) on Friday and stood by its forecast of a gradual
recovery in its main markets this year.

Fortified by sweeping cost cuts and a timid rise in demand,
the company posted operating earnings of 2.8 billion crowns
($389 million) versus a loss of 4.5 billion a year ago and a
profit of 335 million seen in a Reuters poll of analysts.
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Volvo swings to Q1 profit, above forecast