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Fiat Chrysler: stock up after FY results unveiled

( - The Fiat Chrysler Automobiles stock is up 1% in Milan today after the Italian-American carmaker published adjusted net profit that doubled to 1.
1 billion euros in the fourth quarter of 2017, representing 70 cents per share, against the consensus of 60 cents.

Adjusted operating profit increased by 22% to 1.89 billion euros, with sales down 3% at 28.9 billion euros. In terms of volume, global shipments remained stable at almost 1.16 million vehicles.

For FY 2018, Fiat Chrysler expects adjusted earnings of around 5 billion euros, with an adjusted operating profit of at least 8.7 billion euros and total revenues of about 125 billion euros.

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