Investing.com - Daimler (OTC:DDAIF) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Daimler announced earnings per share of €3.26 on revenue of €34.86B. Analysts polled by Investing.com anticipated EPS of €3.01 on revenue of €33.03B.
Daimler shares are down 26% from the beginning of the year, still down 17.39% from its 52 week high of €77.90 set on February 17. They are under-performing the STOXX 600 which is down 9.59% from the start of the year.
Daimler shares gained 2.30% in intra-day trade following the report.
Daimler follows other major Consumer Discretionary sector earnings this month
Daimler's report follows an earnings beat by Porsche on March 29, who reported EPS of €3.55 on revenue of €32.85M, compared to forecasts EPS of €3.15 on revenue of €53.50M.
Qingdao Haier had beat expectations on March 30 with first quarter EPS of €0.0468 on revenue of €8.16B, compared to forecast for EPS of €0.0434 on revenue of €8.35B.
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