STORY: BMW held its financial guidance for this year on Wednesday.
The German automaker also signaled it could cope with U.S. tariffs and Chinese competition.
That was despite BMW reporting a sharp drop in first-quarter earnings as pre-tax profit felt 25%.
The carmaker beat key profit expectations for the period even though a narrowing core margin showed the pressure BMW faced.
The company reported first-quarter pretax earnings at $2.70 billion - ahead of analyst forecasts.
Although group revenue missed expectations and was down just over 8% to around $26.7 billion.
BMW's faced similar pressure to start the year as rivals Mercedez-Benz and Audi.
The auto giants have faced the threat of higher U.S. tariffs.
While Chinese competitors have built market share in Europe and grown in their home market.
BMW has pursued cost cuts to offset tariff pressure and expensive raw materials like most of its rivals.
But it hasn't cut jobs so far, unlike at other German carmakers Volkswagen and Mercedes.
Looking ahead, BMW held ts full-year guidance on Wednesday and forecast a moderate decline in its group result.
BMW's core operating margin is seen in a range of 4% to 6% after last year's 5.3%.
The outlook didn't include a potential rise in U.S. auto tariffs.
Wednesday's update helped investors believe BMW is well-placed to deal with a volatile global auto market.
Shares were up around 7% in early trade.
