BMW Profit Beats Expectations – Wall Street Journal

Posted: Tuesday, August 02, 2016

BMW AG beat market expectations with an 11% rise in second-quarter net profit, helped by robust sales of the luxury auto maker’s three car brands including a jump in demand for Rolls-Royce limousines.

The Munich-based manufacturer on Tuesday that net profit rose to €1.94 billion euros ($2.2 billion) in the three months to end June from €1.74 billion a year earlier, ahead of the average analysts’ forecast for €1.80 billion.


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