Daimler’s net profit climbs to £1.87 billion in the fiscal third quarter

In its report on Friday, Daimler AG (ETR: DAI) said that its net profit in the fiscal third quarter was higher than the comparable quarter of last year. Revenue, it added, saw a decline in Q3 on an annualised basis. Daimler closed the regular session about 1.5% down on Friday. Shares of the company are now trading at £44 per share versus a sharply lower £20 per share in March due to the COVID-19 disruptions. The German automaker had started the year at a per-share price of £45.50. Learn more about why do prices rise and fall in the stock