Daimler Q1 EBIT misses expectations, shares slip

Newswire

FRANKFURT, April 29 (Reuters) - Daimler AG's first-quarter earnings before interest and taxes (EBIT) fell a worse-than-expected 40 percent to 1.976 billion euros ($3.08 billion) as one-off charges weighed, the German carmaker said on Tuesday. Analysts polled by Reuters had on average expected EBIT of 2.205 billion euros, down by a third from the year-earlier period when the company booked 1.56 billion in income from the sale of shares in aerospace group EADS . The carmaker reiterated its ...

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