BMW 1Q Profit Beats Analysts Estimates

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May 6 (Bloomberg) –- Bloomberg’s Hans Nichols reports on earnings for BMW, the world’s biggest maker of luxury autos. He speaks to Anna Edwards and Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Bmw revenue beat estimates.

Hans joins us from berlin with more.

It came in at 2.0 nine.

The expectation was for 2.0 4 billion.

A clear win there.

It looks like revenues were down just a little bit.

That could mean you saw a strong profit margin.

The expectation was for a percent to 10%. it looks like they may be on the upper end of that.

We want to focus on that margin.

We saw they looked good.

Then analysts decided and they began tanking.

We have seen bmw is out front to be the number one auto sales.

They are ahead of audi, ahead of mercedes.

They have done this on the strength of their crossover models, the suv's everybody in the emerging markets seems to want to buy.

Take a look at some of the numbers from their numb -- from their models.

The x three is a little bit smaller.

And then the x one is more of a hybrid.

That is up 15%. when you take a look at the suv number, you see why there is such a focus on all the auto companies.

It's right around 37% of the market.

In a few years it will be 40% of the market.

The question is will those be luxury suvs or the kind you and i drive.

Thank you very much.

This text has been automatically generated. It may not be 100% accurate.


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