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DCX: $686M Earned in 3rd Quarter

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DCX: $686M Earned in 3rd Quarter

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The automaker DaimlerChrysler AG posted a 37 percent drop in third-quarter profit Wednesday amid a slowdown in sales at its American arm, Chrysler Group, but still beat analysts' expectations.

The German-American company earned 541 million euros ($686 million) in the July-September period, compared with a profit of 855 million euros a year earlier. Analysts polled by Dow Jones Newswires had expected a loss of 47 million euros ($58.9 million).

Overall sales fell 8 percent to 35.2 billion euros ($44.6 billion) for the quarter from 38.1 billion euros a year ago.

Read "DaimlerChrysler 3Q profit falls" @ Yahoo

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