Market Overview

Daimler Posts Lower Q2 Profit

Share:
Related DDAIF
Daimler, Qualcomm to Collaborate on Connected Car Technologies
Recon Capital CIO Kevin Kelly On Investing In German Blue Chip Equities
Nokia Looking To Get More For 'Here' (GuruFocus)

Daimler AG (OTC: DDAIF) posted a drop in its second-quarter profit.

Daimler's quarterly net profit attributable to shareholders declined to EUR1.43 billion, versus EUR1.61 billion, in the year-ago period. Its EBIT fell to EUR2.24 billion from EUR2.58 billion.

Daimler's revenue climbed 10% to EUR28.90 billion. However, analysts were expecting a net profit of EUR1.36 billion on revenue of EUR27.60 billion.

Posted-In: profitEarnings News

 

Related Articles (DDAIF)

Around the Web, We're Loving...