Daimler Q4 earnings fall short, shares down | autos | Hindustan Times
Today in New Delhi, India
Dec 04, 2016-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Daimler Q4 earnings fall short, shares down

autos Updated: Feb 16, 2011 17:14 IST

HindustanTimes.com
Highlight Story

German carmaker Daimler posted fourth-quarter earnings that missed forecasts and announced a bigger-than-anticipated dividend payout for 2010 and an upbeat outlook for 2011.

Its shares were down 3.1% at 1002 GMT.

"The numbers are bad across the board. And now the share is taking a merciless beating from the market. Even the higher dividend and the positive outlook can't help the company at the moment," a Frankfurt-based trader said.

Daimler posted fourth-quarter earnings before interest and taxes (EBIT) of 1.56 billion euros ($2.1 billion), compared with a forecast for 2.05 billion in a Reuters poll.

The dividend was set at 1.85 euros, compared with a forecast for 1.75 euros.