Fiat Chrysler Cars meeting staff produce protecting masks, amid the unfold of the coronavirus illness (COVID-19), on the Meeting Plant in Betim close to Belo Horizonte, Brazil, Could 20, 2020.
Washington Alves | Reuters
Fiat Chrysler mentioned Friday it misplaced $1.24 billion (1.05 billion euros) within the second quarter because the coronavirus induced rolling shutdowns at its crops throughout the globe.
The corporate managed to beat Wall Avenue’s earnings expectations however missed on income, which declined 56% from a yr earlier. Here is how Fiat Chrysler carried out versus what Wall Avenue anticipated, based mostly on common analysts’ estimates compiled by Refinitive.
- Adjusted EPS: A lack of 77 cents (65 euro cents) per share versus a lack of $1.36 (1.15 euros) per share anticipated.
- Income: $13.88 billion (11.71 billion euros) versus $17.54 billion (14.78 billion euros) anticipated.
On a pretax adjusted foundation, Fiat Chrysler reported a roughly $1.1 billion (928 million euros) loss within the second quarter. The automaker…