UPDATE 2-Car financing unit helps Daimler beat forecasts

Newswire

* Q1 EBIT 2.13 bln eur vs Reuters poll avg 1.93 bln * Mercedes Q1 EBIT margin drops 90 bp to 8.4 pct * Industrial Free Cash Flow -2.0 bln eur * Maintains full-year guidance * Shares fall 2.2 pct, European autos down 1.3 pct (Adds background) FRANKFURT, April 27 (Reuters) - German automotive group Daimler reported a surprise increase in first-quarter operating profit on Friday, in part thanks to stronger than expected earnings at the financial services business that offers loans and leases ...

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