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Daimler Warns That Earnings Will Be 'Significantly Below' Expectations

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According to Automotive News, Daimler is issuing a profit warning. Daimler issued its second profit warning in four months on Friday, saying that costs arising from "government proceedings and measures" concerning its diesel vehicles were mainly to blame. Daimler said it expected its full-year earnings before interest and tax to be "significantly below" last year's level. It also rushed out the release of third-quarter earnings figures that it said fell well short of market expectations. Daimler shares fell on the news, trading down 1.74 percent in Europe to 51.50 euros -- a new five-year low.

Added on the 19/10/2018 11:24:52 - Copyright : Wochit

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