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BMW Profit Rises on Big SUV Sales

TheMotleyFool

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German automaker BMW AG (OTC: BMWYY) (OTC: BAMXF) said on Nov. 6 that its third-quarter operating profit rose 32.9% from a year ago, to 2.29 billion euros ($2.54 billion), on strong demand for high-profit SUVs and cost reductions.

But despite the strong results, BMW reaffirmed the subdued full-year guidance it issued in May.

Data source: BMW AG. Pp = percentage points.

Source Fool.com

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