Mercedes-Benz parent company Daimler (OTCPK:DDAIF) has faced a tough period on the stock market. Shares tumbled in early May and remained down throughout June and July due to fears over the company’s Q2 2019 results.
Those fears rang true; the company posted a sizeable loss of €1.56 billion ($1.74 billion) for the second quarter of 2019. The loss was expected as the company allowed for diesel-related legal costs along with expenses from the ongoing Takata airbag recalls.
Daimler had warned investors; this was its fourth profit warning since June 2018.
DDAIF stock ...
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