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Daimler denies market talk of profit warning

FRANKFURT
Wed Oct 1, 2008 5:25am EDT

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FRANKFURT (Reuters) - Daimler AG (DAIGn.DE) denied market talk on Wednesday that the German carmaker was revising lower its earnings expectations and said it would give its next outlook along with third-quarter results on October 23.

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"There is no profit warning," a spokeswoman said when asked about the talk of such a move.

Its shares came off lows on the comment but were still down 4.3 percent at 33.87 euros by 0917 GMT, in line with the DJ Stoxx European car sector index .SXAP.

Daimler had already marked down its 2008 outlook on July 24, forecasting earnings before interest and tax (EBIT) from ongoing operations of more than 7 billion euros ($9.89 billion).

The maker of Mercedes-Benz cars and the world's biggest truckmaker had previously targeted EBIT from ongoing operations of significantly above the 7.7 billion euros it made in 2007.

(Reporting by Michael Shields)

($1=.7079 Euro)
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