BMW swings to Q2 profit versus pandemic hit 2020
LONDON, Aug 3 (Reuters) - BMW on Tuesday posted a better-than-expected second-quarter net profit versus a loss in the same period in 2020 when the German luxury carmaker was pummelled by the coronavirus pandemic.
BMW posted a net profit for the quarter of 4.8 billion euros ($5.7 billion), versus a loss of 212 million euros for the same quarter in 2020. Analysts on average had expected net income of 2.2 billion euros for the second quarter, according to Refinitiv estimates. ($1 = 0.8420 euros) (Reporting By Nick Carey; Editing by Kim Coghill)
