Wednesday, July 24, 2019

Daimler Slips To Loss In Q2; Sees Significant EBIT Growth In H2: Stock Up

German automaker Daimler AG reported Wednesday a net loss in its second quarter, compared to prior year's profit on charges, despite increased revenues. Unit sales meanwhile declined from last year. Looking ahead, the company projects significant improvement in EBIT in the second half of year. For the year 2019, the company projects slightly higher revenues and flat unit sales.

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