Pursuits
BMW Reports Surprise Fourth-Quarter Profit Gain on 3-Series
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Bayerische Motoren Werke AG, the world’s biggest maker of luxury autos, reported a surprise 4.2 percent gain in fourth-quarter profit, boosted by stronger demand for the 3-Series sedan and wagon.
Earnings before interest and taxes rose to 1.95 billion euros ($2.72 billion) from 1.87 billion euros a year ago, the Munich-based company said today in a statement. The figure beat the 1.83 billion-euro average of 10 analyst estimates compiled by Bloomberg. The shares gained the most in almost five months.