Fiat Chrysler beats by $0.61, beats on revs; reinstates FY20 guidance (12.91)
- Reports Q3 (Sep) earnings of €0.97 per share, excluding non-recurring items, €0.61 better than the S&P Capital IQ Consensus of €0.36; revenues fell 5.5% year/year to €25.81 bln vs the €25.17 bln S&P Capital IQ Consensus.
- Q3 Adjusted EBIT €2.276 billion versus €1.959 billion in same period a year ago.
- FY 2020 guidance is reinstated with Adjusted EBIT between €3.0 - 3.5 billion and Industrial free cash flows between €(1.0) - €0.0 billion. This guidance assumes no further significant disruptions from COVID-19.