Fiat Chrysler Starts Year with Solid First-Quarter Results, Maintain EUR 17 Fair Value Estimate
No-moat-rated Fiat Chrysler reported first-quarter earnings per share before special items, or EPS, of EUR 0.43, just a penny shy of consensus EPS of EUR 0.44 but EUR 0.09 better than the same period last year. Revenue was EUR 27.7 billion, while adjusted EBIT came in at EUR 1.5 billion for a margin of 5.5%. Even though EPS was just a penny shy of market expectations, product mix was strong, leading to better-than-expected profitability. Management confirmed its 2017 guidance for revenue in a ra...Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.
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