Market Overview

Q3 Bottom Line Beats From GM And Chrysler; Will Ford Be Next?

Share:
Q3 Bottom Line Beats From GM And Chrysler; Will Ford Be Next?

The automobile sector kicked off Q3 earnings results in a positive fashion. Both General Motors Company (NYSE: GM) and Fiat Chrysler Automobiles NV (NYSE: FCAU) delivered better-than-expected results for the September quarter.

GM reported EPS of $1.72 on revenue of $42.8 billion. This topped analysts' estimates by $0.28 and $3.51 billion respectively.

Fiat Chrysler reported adjusted EPS of euro 0.47 on revenue of euro 26.836 billion. In U.S. dollars, the company's EPS is $0.51.

The positive results bode well for a similar beat from Ford Motor Company (NYSE: F), which is expected to announce results on Thursday. The Street expects the company to deliver EPS of $0.20 on revenue of $33.1 billion.

Related Link: Investors In Auto Group Position Themselves Ahead Of Q3 Earnings

However, on the back of the beats and ahead of Ford's release, the stocks showed little positive reactions:

  • Fiat Chrysler was recently seen up 0.46 percent at $6.54.
  • Ford was down 1.79 percent at $11.82.
  • GM was down 4.28 percent at $31.57.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted-In: Auto IndustryEarnings News Previews Travel Movers Trading Ideas General Best of Benzinga

 

Related Articles (F + FCAU)

View Comments and Join the Discussion!

Mid-Afternoon Market Update: Crane Rises On Upbeat Earnings; Dipexium Shares Fall

Bullish On Retail REITs, Goldman's Watching Q3 Re-Leasing Spreads And Management Commentary