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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bayerische Motoren Werke AG | TG:BMW | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.45 | -0.45% | 100.60 | 100.55 | 100.60 | 101.25 | 100.10 | 101.10 | 16,533 | 10:58:05 |
By David Sachs
BMW shares rose Friday after the car maker reported a higher earnings margin for the automotive segment in the third quarter.
At 0854 GMT, shares in the German company were up 3.4% to EUR94.20.
The car division's earnings before interest and taxes rose to 3.135 billion euros ($3.33 billion) from EUR2.87 billion. The division's EBIT margin finished the quarter at 9.8%. It was 8.9% a year ago.
BMW backed its guidance, which includes an EBIT margin between 9% and 10.5% for the automotive segment.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
November 03, 2023 05:29 ET (09:29 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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