Pickups Drove Strong Profitability at Fiat Chrysler Automobiles
Fiat Chrysler Automobiles (NYSE: FCAU) reported on Feb. 6 that its fourth-quarter adjusted net income rose 3% from a year ago, to 1.53 billion euros ($1.68 billion), as strong pickup sales continued to drive improvements in profitability.
On an adjusted basis (excluding one-time items), FCA earned 0.97 euros ($1.07) per share, ahead of Wall Street's $1.02-per-share estimate as reported by Thomson Reuters. FCA's fourth-quarter revenue of 29.64 billion euros ($32.6 billion) was roughly in line with analyst estimates.
FCA's full-year adjusted net profit was 4.3 billion euros, down 9% from a year ago.
Source Fool.com
