STOCKHOLM — Swedish truck maker Volvo posted forecast-beating quarterly earnings on Tuesday as years of cost cuts and strong deliveries in Europe helped fortify it against slumping demand for commercial vehicles in the US.Volvo and rivals Daimler and Volkswagen, with its array of truck brands, have been buoyed by rising demand across Europe over the past year while contending with a drop in orders in the US and Brazil.The company, the first of Europe’s major truckmakers to report second-quarter results, scaled back its outlook for North America, saying it expected industry-wide sales of 240,000 trucks versus its April forecast for 250,000.But while the market may face more challenges, earnings held firm.Adjusted operating earnings at Gothenburg-based Volvo rose to 6.13-billion Swedish crowns ($716.18m) from 5.98-billion Swedish crowns a year-ago, beating a mean forecast for 5.64-billion Swedish crowns in a Reuters poll of analysts."In the second quarter we were able to continue the ...
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