Daimler Truck looks like it will follow competitors Volvo Group and Paccar Inc. in handily beating estimates for its first-quarter financial performance.
The German truck maker released preliminary results Monday that exceeded the consensus of analysts who cover the market-leading manufacturer. Specifically:
In North America, where Daimler leads the market with its Freightliner and Western Star heavy-duty trucks, adjusted EBIT was $745.1 million compared to consensus of $708.7 million. Return on sales was 11.6% versus consensus of 11.5%.
Daimler releases full quarterly results on May 9.
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