Daimler 3Q Revenue, Earnings Rose
24 Oktober 2019 - 8:03AM
Dow Jones News
By Max Bernhard
Daimler AG (DAI.XE) said Thursday that revenue and earnings rose
in the third quarter.
Net profit for the quarter rose to 1.72 billion euros ($1.91
billion) from EUR1.69 billion a year earlier, the German premium
car maker said.
Revenue rose 8% to EUR43.27 billion, while earnings before
interest and taxes rose at the same pace to EUR2.69 billion.
Analysts had expected revenue of EUR43.61 billion and EBIT of
EUR2.49 billion, according to a consensus estimate provided by
FactSet.
Daimler said it continues to expect unit sales in 2019 at the
previous year's level and revenue to be slightly above the prior
year. It still forecasts earnings to be significantly below last
year's level and it cut its outlook for return on sales at its
trucks business, where it now expects a return of between 6% and
8%, compared with 7% to 9% earlier.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
October 24, 2019 01:48 ET (05:48 GMT)
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