DaimlerChrysler AG first quarter earnings exceeded Wall Street expectations, despite a dip in operating profit. Unit sales increased 9.4% to 1.32 million vehicles, generating $39.2 billion in revenue. That is an increase of 21.8%, partly due to a weaker euro than like-1999. Net income rose 7.5% to $1.62 billion and earnings per share increased 7.3% to $1.62 from $1.51 — more than Wall Street estimates of $1.58. Operating profit dropped 3% based on the euro (DC's official currency), but ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.