UPDATE 3-Peugeot profits beat forecasts, shares rise

Newswire

(Adds share reaction, background) By Rebecca Harrison PARIS, July 27 (Reuters) - Profits at PSA Peugeot Citroen fell in the first half as motorists snubbed its ageing models, but Europe's second-biggest car maker beat expectations and cheered investors by confirming its full-year outlook on Tuesday. Paris-based PSA said in a statement net profit totalled 681 million euros ($828.3 million) compared with 869 million in the year-ago period. A Reuters poll of 12 analysts had produced a ...

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