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Daimler's 2019 Profit Surprised, and Not in a Good Way

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Daimler's 2019 Profit Surprised, and Not in a Good Way

In a preliminary look at its 2019 results, German automaker Daimler AG (OTC: DMLRY) said that its full-year 2019 profit fell by half from a year ago, worse than expected, and that it faces further charges of up to 1.5 billion euros ($1.7 billion) related to diesel-engine emissions.

We won't have all the details until next month. But here's what Daimler said, and some thoughts on why it's worrisome.

Here's what Daimler said in its preliminary 2019 earnings release:

Source Fool.com

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