Continental raised its full-year profit outlook after a strong quarter in its tire business. For the tape, tires are doing the heavy lifting in this guide, so that unit's margin is the read on the aut

What happened: Continental raised its full-year profit outlook after a strong quarter in its tire business. Key numbers: Adjusted EBIT margin now expected at around 13.4% to 14.0% this year, up from a prior range of 12.0% to 13.5%. Why it matters: The higher margin range signals improved profitability expectations for the tire maker compared with its earlier guidance.

Continental raised its full-year profit outlook after a strong quarter in its tire business.

The higher margin range signals improved profitability expectations for the tire maker compared with its earlier guidance.