Fiat Chrysler confirms year guidance on strong North America performance

Fawad Maqsood July 31, 2019

MILAN: Fiat Chrysler reiterated its full-year profit guidance on Wednesday after operating profits topped expectations in the second quarter, thanks to record results in the North American market.

In its first earnings release after a failed attempt to merge with France’s Renault, FCA said its was confident its adjusted earnings before interest and tax (EBIT) would top last year’s 6.7 billion euros ($7.5 billion).

Milan-listed shares in the Italo-American automaker rose over 4% after the earnings release, and were up 3.98 percent by 1104 GMT.

Copyright Reuters, 2019

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