BMW earnings lag some estimates, names new finance chief

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BMW reported a 12% rise in fourth-quarter earnings on Thursday that lagged some analysts' expectations, sending shares in the German automaker as much as 3.7% lower.

reported a 12% rise in fourth-quarter earnings on Thursday that lagged some analysts' expectations, sending shares in the German automaker as much as 3.7% lower.

Deliveries rose just over 10% in the quarter as an easing of chip supply problems offset the impact of lockdowns in China, while group revenue climbed 28% to 142.6 billion euros , versus a Refinitiv SmartEstimate of 141.6 billion.

 

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