Porsche Earnings Rise After Selling More of its Pricier Cars

Porsche Earnings Rise After Selling More of its Pricier Cars Porsche AG reaffirmed its full-year earnings guidance after first-half profitability rose, offering tentative signs that the sports-car maker’s turnaround is beginning to gain traction. The Volkswagen AG-owned brand’s operating profit jumped 34% to €1.35 billion ($1.5 billion) in the first six months of the year, beating analyst projections compiled by Bloomberg. The company cited rigorous cost and pricing management as well as a focus on selling more of its most expensive cars.