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Fiat Chrysler's Stock Falls Following Q4 Release

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Shares of Fiat Chrysler Automobiles NV (NYSE: 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.

Posted-In: auto sales automotive stocks Fiat Fiat ChryslerEarnings News Guidance Movers

 

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