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Fiat Chrysler's (FCAU) Q2 Earnings Beat Estimates, Rise Y/Y

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Fiat Chrysler Automobiles N.V. is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler is benefiting from rising sales in the U.S. and Europe. The company intends to expand vehicle sales in key markets throughout the world. The company also focuses on maintaining cost efficiency.

However, Fiat Chrysler is going through a challenging period due to product recalls and concerns related to its method of reporting U.S. sales.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings

Fiat Chrysler’s earnings increased to €0.448 (49 cents) per share in the second quarter of 2016 from €0.243 (27 cents) in the year-ago quarter, beating the Zacks Consensus Estimate of 41 cents.

FIAT CHRYSLER Price and EPS Surprise

FIAT CHRYSLER Price and EPS Surprise | FIAT CHRYSLER Quote

Revenues

Fiat Chrysler reported revenues of €27.9 billion ($30.7 billion), down 2% year over year.

Key Stats/Developments to Note

For 2016, Fiat Chrysler expects revenue to increase over €112 billion ($123.1 billion). Adjusted net profit is expected to be higher than €2 billion ($2.2 billion).

Zacks Rank

Currently, Fiat Chrysler has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released.

Market Reaction

Fiat Chrysler’s shares have been falling in pre-market trading following the release. Clearly, the initial reaction to the report is negative.

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