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Direct: BMW's profit fell in the third quarter of this year, with earnings rising, contrary to analysts' expectations.
The results of the German automaker revealed Wednesday a net profit of 1.40 billion euros in the third quarter, down 23.9% over the same period of the previous year (1.84 billion d & # 39; euros).
The company's pre-tax earnings for the quarter ended September decreased 26.3% to 1.84 billion euros, compared to 2.50 billion euros for the same period in 2017.
The company said the decline in profits was due to rising commodity prices, the negative effects of exchange rate fluctuations, and the price war between competing companies in Europe.
On the other hand, BMW's revenues increased by 24.74 billion euros in the third quarter of 2018, after registering 23.63 billion euros last year.
Analysts had predicted that the turnover of the German company would fall to 23.2 billion euros.
Around 10:40 GMT, BNW shares fell 1.6% to 75.71 euros.
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