European Stocks to Watch: Schneider Electric

Shares of French Group Schneider Electric traded higher (up 1.18%) after the company said its first-quarter like-for-like sales grew 13.7%, ahead of the average forecast of 8%.

Total sales rose 22.4% to 3.893 billion euros ($5.29 billion), with a 12.9% rise due to acquisitions, which included APC, IBS, Merten and GET.

Schneider reported that sales in the first three months of the year were helped by its energy management services and packages businesses and from fast growth in Europe.

Volkswagen (up 0.20%) The German automaker confirmed its 2008 pre-tax profit outlook.

Prudential (up 0.82%) The company reported an 8% rise in first-quarter sales, at the top end of analyst forecasts.

Logitech (down 7.42%) Logitech blamed a drop in Web camera sales for missing its full-year sales target.

WH Smith (up 3.01%) WH Smith, the newspaper, book and stationery retailer, reported a slightly better-than-expected 7% increase in first-half underlying pretax profit.