Dow Jones Newswires: Daimler reports higher revenue and earnings

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Daimler AG said Thursday that revenue and earnings rose in the third quarter.

Net profit for the quarter rose to 1.72 billion euros ($1.91 billion) from EUR1.69 billion a year earlier, the German premium car maker DAI, +1.59%  said.

Revenue rose 8% to EUR43.27 billion, while earnings before interest and taxes rose at the same pace to EUR2.69 billion.

Analysts had expected revenue of EUR43.61 billion and EBIT of EUR2.49 billion, according to a consensus estimate provided by FactSet.

Daimler said it continues to expect unit sales in 2019 at the previous year’s level and revenue to be slightly above the prior year. It still forecasts earnings to be significantly below last year’s level and it cut its outlook for return on sales at its trucks business, where it now expects a return of between 6% and 8%, compared with 7% to 9% earlier.

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