Daimler Posts Lower Q2 Profit
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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.