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BMW Third Quarter Profit Rises 78 Percent

FRANKFURT, Germany -- Luxury automaker BMW AG saw its third-quarter net profit leap 78 percent, driven higher by increased sales, and raised its sales outlook for the rest of 2007 on Tuesday, according to the Associated Press.

The Munich-based automaker earned 803 million euros ($1.2 billion) in the July-September period compared with 452 million euros a year earlier and beating the 605 million euros ($876.5 million) that analysts polled by Dow Jones Newswires had forecast.

(The euro has risen so much against the dollar since last year, converting the 452 million euros to dollars would be misleading.)

Posted by Peter C. T. Elsworth  at 10:54 AM to BMW | Permalink

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