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 Thursday, September 24, 2020, 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 Thursday, September 24, 2020 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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