Fiat Chrysler: stock up after Q1 results
(CercleFinance.com) - The Fiat Chrysler Automobiles (FCA) is up over 2% in Milan today, despite the Italian/American group unveiling adjusted EPS that is down 42% at 0.
36 euro for the first three months of 2019, well below the consensus of 0.50 euro.
The car maker, whose brands include Jeep and Alpha Romeo, saw its adjusted operating profit fall by 29% to 1.07 billion euros, meaning a margin that is down 1.4% at 4.4% on sales that are down 5% at 24.5 billion euros.
CEO Mike Manley said that the market has responded enthusiastically to the group's new product launches. Based on these results, in line with its expectations, Fiat Chrysler is confident in its 2019 targets.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
36 euro for the first three months of 2019, well below the consensus of 0.50 euro.
The car maker, whose brands include Jeep and Alpha Romeo, saw its adjusted operating profit fall by 29% to 1.07 billion euros, meaning a margin that is down 1.4% at 4.4% on sales that are down 5% at 24.5 billion euros.
CEO Mike Manley said that the market has responded enthusiastically to the group's new product launches. Based on these results, in line with its expectations, Fiat Chrysler is confident in its 2019 targets.
Copyright (c) 2019 CercleFinance.com. All rights reserved.