UPDATE 2-Renault first-half margin beats forecasts

Newswire

(Recasts after news conference) By Marcel Michelson BOULOGNE-BILLANCOURT, France, July 25 (Reuters) - France's Renault beat the market with a first-half operating margin of 3.5 percent on Wednesday but the carmaker raised its estimate of the future impact of high raw material costs. The margin result beat the consenus forecast of 3 percent and echoed forecast-beating results from domestic rival PSA Peugeot Citroen . But the world's fourth largest carmaker, when combined with alliance ...

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