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Story summary
- Daimler Truck AG’s shares fell 3.6% after the company announced second-quarter orders were about 20% below consensus.
- Citi analysts said the order shortfall stemmed from weaker trading by Mercedes-Benz Trucks in India and Latin America.
- Citi noted that third-quarter margin guidance for Mercedes-Benz Trucks also appears weak.
- Nevertheless, the earlier guidance upgrade continues to support Street EBIT upgrades.
