** Shares in Iveco IVG.MI fall as much as 7.4% after the Italian truck and bus maker reported a worse than expected 42% drop in Q1 adjusted operating profit of its industrial activities
** Brokerage Equita describes the results as "weaker than expected"
** According to J.P.Morgan, the quarter was marked by lower industry demand levels across European truck segments, with the Truck division missing estimates by around 30%
** However, J.P.Morgan adds that the bus and defence segments saw continuous margin improvement on the back of strong order books and favourable industry trends
** By 0754 GMT the stock pares some losses and is trading down 4.3%
** Up to the Wednesday's close, Iveco's stock was up 74% YTD
(Reporting by Romolo Tosiani)
((Romolo.Tosiani@tr.com))
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