Daimler Posts Lower Q2 Profit

Daimler AG

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.