Fiat Earnings Miss, Revenue Inline In Q1

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Fiat announced earnings per share of €-0.3 on revenue of €20.57B. Analysts polled by Investing.com anticipated EPS of €-0.25 on revenue of €20.57B. That with comparison to EPS of €0.36 on revenue of €24.48B in the same period a year before. Fiat had reported EPS of €0.97 on revenue of €29.64B in the previous quarter. Analysts are expecting EPS of €-0.97 and revenue of €13.81B in the upcoming quarter.

Fiat shares are down 39.86% from the beginning of the year , still down 46.31% from its 52 week high of €14.78 set on November 4, 2019. They are under-performing the STOXX 600 which is down 16.23% year to date.

Fiat’s report follows an earnings missed by Pirelli & C on May 14, who reported EPS of €0.04 on revenue of €1.05B, compared to forecasts EPS of €0.05 on revenue of €1.05B.

Salvatore Ferragamo had missed expectations on May 12 with first quarter EPS of €-0.23 on revenue of €221.7M, compared to forecast for EPS of €0.03 on revenue of €222.88M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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