BMW Beats Estimates on Revenue & Profit

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Nov. 5 (Bloomberg) –- Bloomberg’s Hans Nichols reports on BMW earnings with sales coming in just below estimates. He speaks to Jonathan Ferro and Anna Edwards on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

In berlin.

It looks like we have two beepsfs --it does look like there profit is that a little bit year-over-year, but i could be a function of what is happening with the street -- the strength of the euro.

We will dig into these numbers little bit more and get back to you.

Bmw has had so many costs this year.

They are coming up with the new models, they are making a push and to the next generation.

Some of them do not have any predecessors.

The sort of developments cost a lot of money.

We will take a look at where those costs are.

I was just looking at third- quarter earnings.

Tell me the story.

Let me repeat that.

If the estimate was 1.8 and a came in at 1.3, that is a miss, right?

Bmw wants to increase their global brand, but they also are being pushed from underneath by mercedes and audi.

There are goals is to beat bmw and be the number one luxury maker.

The margins are so much greater in the luxury space.

There are challenges and it is a tough environment.

Elon musk made electric cars

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