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StumbleAutomaker’s profit falls unexpectedly
Thursday, July 29, 1999 | 11:27 a.m.
The German carmaker said second-quarter profit fell to 1.484 billion euros ($1.58 billion) from 1.488 billion a year earlier as earnings per share fell to 1.48 euros from 1.59.
DaimlerChrysler was expected to post second-quarter profit of 1.7 billion euros, with earnings per share at 1.7 euros on sales of 36.2 billion euros, according to the average of a seven-analyst poll by Bloomberg News.
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