Daimler Truck Q1 operating profit beats estimate

FRANKFURT (Reuters) – Daimler Truck on Monday said its first-quarter results came in above market expectations, boosted by what it said was strong demand and an increase in unit sales.

Preliminary first-quarter adjusted earnings before interest and tax cane in at 1.162 billion euros ($1.28 billion), up 78% year-on-year and also higher than the 976 million euros average analyst estimate provided by the company, Daimler Truck said.

($1 = 0.9056 euros)

(Reporting by Christoph Steitz; Editing by Chris Reese)