Fiat Revenue Report Exceeds Predictions, Q2 Total Revenue Estimates Not Reached
Automotive giant Fiat stated that the income report figures for the second quarter transferred on Friday exceeded the expert’s forecasts and low expectations.
While the Fiat company reported that its total revenue was € 11.71B, providing € -0.65 income per share, the experts predicted that the company would earn € -1.21 and a total of € 13.94B per share.
Throughout the year, Fiat shares fell 34.67%. The STOXX 600 index decreased by 14%.