STOCKHOLM—Sweden’s AB Volvo beat third-quarter core earnings expectations on Thursday, boosted by strong demand for its trucks even as lingering chip shortages hampered production. Shortages of components and freight capacity had resulted in production disruptions and increased costs, Volvo said in a statement. It also cautioned it expected further disruptions and stoppages, both in truck production and in other parts of the group. While recovering strongly, the group’s sales and adjusted earnings remained below pre-pandemic levels. JP Morgan said Volvo had produced a “solid set of results,” despite the disruptions. “Despite limited visibility in the supply chain and semi-conductor shortages still impacting the industry in 2H21, we expect consensus expectations to move slightly higher,” the investment bank said in a note. Volvo said order intake of its trucks, including brands such as Mack and Renault, fell 4 percent from a year earlier. It forecast European heavy truck market registrations would …