DaimlerChrysler 1st-Quarter Profit Rises

First-quarter earnings at DaimlerChrysler AG more than doubled as strength in its Mercedes Car Group overcame deeper losses at the U.S.-based Chrysler unit, which the company has agreed to sell to a private equity firm.

The German-American automaker earned 1.97 billion euros ($2.67 billion) in the January-March period, up from 718 million euros a year earlier and above the 1.39 billion euros ($1.88 billion) predicted by analysts polled by Dow Jones Newswires.

Sales fell to 35.4 billion euros ($47.96 billion) from 37.4 billion euros, below the 36.63 billion euros ($49.63 billion) analysts had forecast. The results were reported using International Financial Reporting Standards.

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- Posted: 2007-05-15 09:54:38

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