Investing.com - Daimler reported on Friday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Daimler announced earnings per share of €2.31 on revenue of €40.08B. Analysts polled by Investing.com anticipated EPS of €2.36 on revenue of €38.78B.
Daimler shares are up 47% from the beginning of the year and are trading at €85.255 , down-from-52-week-high.They are outperforming the Euro Stoxx 50 which is up 18.56% from the start of the year.
Daimler shares gained 2.10% in intra-day trade the report.
Daimler follows other major Consumer Discretionary sector earnings this month
Daimler's report follows an earnings beat by Volkswagen ST on Thursday, who reported EPS of €5.51 on revenue of €56.93B, compared to forecasts EPS of €4.97 on revenue of €55.69B.
Volkswagen VZO had beat expectations on Thursday with third quarter EPS of €5.51 on revenue of €56.93B, compared to forecast for EPS of €4.97 on revenue of €55.69B.
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