MILAN (Reuters) -Shares in BMW climbed on Thursday after the German automaker held a well-received pre-close earnings call. Shares in the German premium carmaker were up 4.4% at 1359 GMT. An analyst
BMW Shares Surge 4% Following Positive Pre-Close Earnings Update
MILAN (Reuters) -Shares in BMW climbed on Thursday after the German automaker held a well-received pre-close earnings call.
Shares in the German premium carmaker were up 4.4% at 1359 GMT.
An analyst said BMW confirmed on the call its 5-7% auto margin for both the second quarter and the full year.
This is "a strong signal - particularly as the guidance was maintained despite ongoing tariff pressures and a challenging situation in China", Pal Skirta, an analyst at Metzler Equities, said.
Bernstein analysts echoed this sentiment, noting that the guidance was maintained despite a mid-three-digit million-euro impact from tariffs, which they said helped to assuage some nervousness in the market.
BMW was not immediately available for a comment.
The group holds two investor days next week and releases its quarterly results on July 31.
Earlier on Thursday, the company reported a modest increase in second-quarter deliveries, as growing demand in Europe offset a slump in China, with the U.S. market showing resilience.
(Reporting by Danilo Masoni, Amir Orusov, Christina Amann, editing by Samuel Indyk)
