Company News: Fiat Chrysler (FCAU) reports surprise quarterly loss

Market news

5 May 2020

Company News: Fiat Chrysler (FCAU) reports surprise quarterly loss

Fiat Chrysler (FCAU) reported Q1 FY 2020 loss of EUR0.30 per share (versus earnings of EUR0.36 per share in Q1 FY 2019), worse than analysts' consensus estimate of earnings of EUR0.05 per share.

The company's quarterly revenues amounted to EUR20.567 bln (-16.0% y/y), missing analysts' consensus estimate of EUR21.121 bln.

FCAU rose to $8.37 (+0.84%) in pre-market trading.

Canada: Trade balance, billions, March -1.41 (forecast -2)

European session review: GBP appreciates as global lockdown easing supported risk sentiment

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