FCA: strong earnings growth in Q3

(CercleFinance.com) - FCA (Fiat Chrysler Automobiles) has reported its Q3 results, with adjusted EBIT of 2.
27 billion euros (up 16% y-o-y) and net profit of 1.2 billion euros - up ... 773%, compared with the third quarter of 2019, when FCA posted a loss of 179 million euros.

Diluted EPS reached 0.76 euro, while adjusted EPS reached 0.97 euro, well above the consensus.

Quarterly sales amounted to 25.81 billion euros (down 6% y-o-y), 71% of which were generated in the North American market.

FCA forecasts FY 2020 adjusted EBIT of between 3-to-3.5 billion euros.


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