The world’s largest premium automaker, BMW, reported that its third-quarter pretax profit fell short of expectations, leading to shares falling sharply.
Before tax earnings rose 6.3 percent to 765 million euros ($1.11 billion), missing the average estimate of 913 million euros from a Reuters poll of analysts. Shares of BMW fell more than 4 percent, performing worst than other European automakers.
“The main reason for the weaker than expected result appears to be found in...
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