Friday, April 22, 2016

Daimler Stock Dips As Q1 Profit Drops; Sees Growth In FY16

Shares of Daimler AG were losing around 6 percent in the early morning trade on Friday in Germany, after it reported a decline in the first-quarter profit, mainly on charges. Revenues, however, increased with higher unit sales. Mercedes-Benz Cars performed well in all regions except United States. For fiscal 2016, Daimler expects slight increase in EBIT from the ongoing business and revenues...

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