Scania Posts Lower Q1 Profit
April 23, 2013 at 05:33 AM EDT
Scania AB (OTC: SVKBY ) reported a drop in its first-quarter earnings. Scania's quarterly net profit fell to SEK1.40 billion, versus SEK1.79 billion, in the year-ago period. However, analysts were expecting a profit of SEK1.52 billion. Its revenue dropped to SEK19.34 billion from SEK20.13 billion, while operating profit declined to
