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.
Source: Fool.com