Daimler Q3 Profit Up, Unit Sales Weak; Backs Positive Outlook For FY21; Stock Up

Shares of Daimler AG were gaining around 2 percent in the morning trading in Germany after the automaker Friday reported said it continues to expect significantly higher revenue and EBIT for fiscal 2021 after reporting higher profit in its third quarter. Revenues were nearly flat in the third quarter despite considerably lower production and sales due to the semiconductor shortage.

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