NEW YORK (TheStreet) --S hares of Fiat Chrysler Automobiles N.V. soared more than 7% on Thursday after the automaker posted sharply higher second-quarter profit, beating analyst expectations. The Netherlands-based automaker, whose main headquarters is in Auburn Hills, Mich., raised its guidance for financial analysts for the rest of 2015. FCA said its second-quarter adjusted earnings before interest and tax (EBIT) was $1.53 billion euros ($1.67 billion), compared with 968 million euros last year. A survey of 11 equity analysts suggested an expected EBIT of 1.1 billion euros for the quarter.
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twocents@thestreet.com (Doron Levin), The Street
Thu, 07/30/2015 - 4:49pm
Topics: york thestreet s fiat chrysler automobiles n.v the netherlands-based auburn hills mich jeep dodge maserati october on monday adjusted ebit sergio marchionne general motors gm read airlines not scared off china s steep stock market declines marchionne latin american u.s vincenzo longo ig market milan bloomberg london volkswagen ag renault nissan alliance click fcau the a chrysler fiat fiat chrysler fca ebit ram ferrari north america marchionne ford gm earnings expectations guidance million billion automaker euros year quarter results profit company analysts vehicles compared financial profitable previous public recalls range filed potential vehicle second-quarter government shipments expected margin fine
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