Porsche skids as revenues disappoint

Newswire

FRANKFURT, Sept 23 (Reuters) - Shares in Porsche slipped on Thursday on disappointing revenue numbers as investors ignored news of record pre-tax profit at the luxury carmaker. The stock fell 1.9 percent to 517.50 euros by 0835 GMT in a 1.4 percent weaker DJ Stoxx auto sector on volume of more than 58,500 shares, well above the 30-day average of almost 51,000. "There are perhaps two elements which make one cautious -- revenues rose less strongly than unit sales and the market had ...

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