UPDATE 1-Volkswagen Q4 operating profit misses consensus

Newswire

* Implied Q4 oper profit 2.29 bln eur vs poll 2.38 bln * VW proposes 3.06 eur div per pref share vs poll 3.16 * Cash pile shrinks q/q to 16.95 bln eur at end-Dec * Shares down 0.2 percent (Recasts, adds details) FRANKFURT, Feb 24 (Reuters) - Volkswagen, the world's second largest carmaker, posted an unexpected decline in fourth-quarter operating profit, pressuring the stock. Based on preliminary full-year results published on Friday, quarterly operating profit slid 0.9 percent to 2.29 ...

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