BMW's Car Of The Future is Coming
BMW launched the all-new BMW i3, an electric car for cities. It goes on sale in Europe in November, Read More >>
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ALV Stronger Than Predicted
Autoliv reported stronger than expected second-quarter earnings per share of $1.48, besting the Street consensus by $0.10 and $0.09 higher than the year-ago $1.39 EPS. Owing to an anemic European new car market, analysts were also expecting Autoliv to report flattish earnings for the quarter. The company’s like-for-like European revenue increased by 4% compared with…
BMW Races Past Street Consensus, Confirms Full-Year Guidance; Maintaining Our EUR 85 FVE
Narrow-moat, negative-moat-trend rated Bayerische Motoren Werke AG BMW reported better than expected first-quarter 2013 earnings per share results of EUR 1.99. This was EUR 0.22 ahead of the Street consensus EPS estimate of EUR 1.77, but EUR 0.06 below last year’s EUR 2.05 result. Demonstrating the reason for our narrow-moat rating, despite the decline in…