Investing.com - Daimler reported on Friday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Daimler announced earnings per share of €1.92 on revenue of €40.28B. Analysts polled by Investing.com anticipated EPS of €1.32 on revenue of €41.07B.
Daimler shares are down 0% from the beginning of the year and are trading at €48.945 , down-from-52-week-high.They are outperforming the DAX which is down 4.54% from the start of the year.
Daimler shares gained 2.02% in intra-day trade the report.
Daimler follows other major Consumer Cyclical sector earnings this month
Daimler's report follows an earnings missed by BMW ST on September 24, who reported EPS of €-0.35 on revenue of €19.97B, compared to forecasts EPS of €0.26 on revenue of €21.53B.
BMW Pref had missed expectations on September 24 with third quarter EPS of €-0.35 on revenue of €19.97B, compared to forecast for EPS of €0.26 on revenue of €21.53B.
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