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Truckmaker Volvo third-quarter core profit beats forecast

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Truckmaker Volvo third-quarter core profit beats forecast

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STOCKHOLM (Reuters) – Swedish truckmaker AB Volvo <VOLVb.ST> reported a bigger than expected rise in third-quarter core earnings on Friday on the back of a broad upturn in demand and raised its market outlook for both Europe and North America. Adjusted operating profit at the Gothenburg-based group rose to 7.02 billion Swedish crowns ($861 million) from a year-ago 4.85 billion to beat a mean forecast of 6.20 billion seen in a poll of analysts.

(Reporting by Niklas Pollard and Johannes Hellstrom)
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