Fiat Chrysler Earnings Jump as SUVs Drive Profitability Gains
Fiat Chrysler Automobiles (NYSE: FCAU) said its adjusted operating profit rose 17% in the third quarter, to 1.76 billion euros, on improved profitability in its critical North America region and gains in Europe and Latin America.
FCA's third-quarter revenue fell 2% from a year ago, to 26.4 billion euros. Both profit and revenue were roughly in line with the average estimates from Wall Street analysts polled by Thomson Reuters.
The new Alfa Romeo Stelvio SUV helped boost FCA's margins in North America and Europe. Image source: Fiat Chrysler Automobiles N.V.
Source: Fool.com
Ford Motor Co. Stock
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