Volkswagen Shares Dive After Surprise Profit Increase |
| May 31, 2016 | May 2016 Bond Updates |
|
Volkswagen shares dived almost 4% after it reported operating profit rose to 3.4 billion euros ($3.8 billion) in the first quarter from 3.3 billion euros in the same period of 2015.
Analysts said the shares fell because the positive news from VW prompted profit-taking. After about an hour?s trading, the shares began rallying. Investment bank UBS liked the fact the VW brand was in the black |
| View more at: http://www.forbes.com/sites/neilwinton/2016/05/31/volkswagen-shares-dive-after-surprise-profit-increase/ |
| Related News |
|