RPT-UPDATE 1-Volkswagen Q2 profit beats expectations,shares soar

Newswire

(Repeats to additional Reuters subscribers) (Adds background, details, shares) FRANKFURT, July 27 (Reuters) - Volkswagen AG , the world's fourth biggest carmaker, grew second-quarter operating profit before special items by 49 percent, the company said on Thursday, beating market expectations and sending its shares sharply higher. Excluding 906 million euros in one-off quarterly expenses, operating profit amounted to 1.30 billion euros, better than the median estimate of 1.03 billion ...

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