Thursday, October 24, 2019

Daimler Q3 Results Rise, Confirms FY19 Forecast; Stock Up

Shares of Daimler AG were gaining around 6 percent in the morning trading after the German automaker reported Thursday higher profit in its third quarter with strong unit sales. Looking ahead for fiscal 2019, the company continues to project Group EBIT significantly below the previous year's level, while revenues will be slightly higher. Daimler continues to expect flat unit sales in 2019.

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