Shares of Fiat Chrysler Automobiles NV FCAU were trading lower by around 5 percent early Wednesday morning following the release of the company's fourth quarter and full year results.
Fiat Chrysler earned $0.17 per share on revenue of $32.06 billion. Wall Street analysts were expecting the company to earn $0.33 per share on revenue of $29.71 billion.
Fiat Chrysler added that net revenue for the full fiscal year was €113.2 billion, marking an increase of 18 percent year-over-year. Adjusted EBIT for the full year was €5.267 billion (excludes a €2.203 billion pre-tax impact of unusual items) , an increase of 40 percent from a year ago.
Adjusted net profit for the full year was €2.026 billion, compared to €1.060 billion for 2014 while net industrial ended the fiscal year at €6.0 billion, a decrease from €7.7 billion at end of 2014.
Looking forward to 2016, the company issued the following guidance: 1) net revenues to be above €110 billion, 2) Adjusted EBIT to be above €5 billion, 3) Adjusted net profit to be above €1.9 billion, and 5) net industrial debt to be less than €5 billion.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
