UPDATE 1-Mercedes loss hits DaimlerChrysler Q1 oper profit

Newswire

(Adds details from statement, background) FRANKFURT, April 28 (Reuters) - DaimlerChrysler's first-quarter operating profit fell 59 percent, but still beat analysts' expectations, as former cash cow Mercedes Car Group slumped to an operating loss of 954 million euros ($1.23 billion). The world's fifth-biggest carmaker reiterated on Thursday a forecast for slightly higher 2005 operating profit excluding restructuring costs of up to 1.2 billion euros for its loss-making Smart small car ...

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