Daimler Profit Rises 31% After New SUVs Drive Record Sales - Bloomberg

Daimler AG’s third-quarter operating profit rose 31 percent as new sport utility vehicles pushed Mercedes-Benz sales higher than ever before.

Earnings before interest and taxes from ongoing business surged to 3.66 billion euros ($4.15 billion), the Stuttgart, Germany-based company said Thursday in a statement. That beat the 3.51 billion-euro average of eight analyst estimates compiled by Bloomberg. Sales rose 13 percent to 37.3 billion euros.

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