Daimler Truck surges 17% to record on bumper earnings, buyback announcement
Publishing timestamp: 2024-03-01 11:39:25
Summary
Daimler Truck posted better-than-expected earnings for 2023, leading to a spike in shares and announcement of a share buyback program. The company described 2023 as a record year but cautioned that 2024 might see flat revenue and earnings due to economic conditions. CEO Martin Daum expressed optimism for the future and highlighted the company's commitment to returning cash to shareholders.
Sentiment: POSITIVE
Tickers: DTG-FF,
Keywords: markets, earnings, autos, breaking news: markets, daimler truck holding ag, business news,
Source: https://www.cnbc.com/2024/03/01/daimler-truck-earnings-q4-2023.html