Investing.com - Volkswagen (DE:VOWG_p) returned to profit in the first quarter after a record loss in 2015 from a diesel emissions scandal.
VW beat forecasts to post a first-quarter operating profit before one-off items of €3.1bn.
The consensus estimate was for underlying earnings to drop 17% to €2.75bn.
The German automaker reported a 20% drop in net profit to €2.31bn from €2.89bn in the same period last year.
Revenues fell 3.4% to €50.96bn.