Tuesday, November 7, 2017

BMW Stock Dips On Weak Q3 Profit; Lifts FY17 Profit View

Shares of BMW AG were losing around 2 percent in the morning trading in Germany after the Munich-based luxury carmaker reported Tuesday weak profit in its third quarter, despite a slightly higher revenues and improved sales volume. The company also reduced its forecast for fiscal 2017 automotive revenues, but increased expectations for profit.

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