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FRANKFURT, Germany (AP) - First-quarter earnings at DaimlerChrysler AG more than doubled as a strong performance by the company's Mercedes division outweighed widening losses at Chrysler, which the company agreed this week to sell.
The German-American automaker said Tuesday it earned 1.97 billion euros ($2.67 billion) in the January-March period, up from 718 million euros a year earlier and well above the 1.39 billion euros ($1.88 billion) forecast of analysts polled by Dow Jones Newswires.
Sales fell to 35.4 billion euros ($47.96 billion) from 37.4 billion euros, below the 36.63 billion euros ($49.63 billion) analysts had expected.
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