Daimler Profit Doubles as Mercedes Margins Add to EADS-Exit Gain
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Daimler AG posted second-quarter profit that beat estimates as profitability improved at the Mercedes-Benz luxury-car unit and gains from selling its stake in the owner of planemaker Airbus SAS exceeded its forecast.
Earnings before interest and taxes more than doubled to 5.2 billion euros ($6.8 billion) from 2.24 billion euros reported a year earlier, Stuttgart, Germany-based Daimler said today in a statement. Profit topped the 3.31 billion euros average of six analyst estimates compiled by Bloomberg. Daimler shares jumped to the highest in almost two years.