By David Sachs

Shares in Volkswagen fell in early trading Thursday after the German car giant reported lower after-tax earnings in the second quarter.

At 0711 GMT, shares were down 3.2% to EUR199.54.

The German carmaker said aftertax profit was 3.79 billion euros ($4.20 billion), compared with EUR3.91 billion in the second quarter of last year. Pretax earnings were EUR5.45 billion, up from EUR5.14 billion, and revenue grew to EUR80.06 billion from EUR69.50 billion.

Volkswagen confirmed guidance for the full-year.

Write to David Sachs at david.sachs@wsj.com

(END) Dow Jones Newswires

July 27, 2023 03:29 ET (07:29 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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