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Why Fiat Chrysler Stock Tanked ~15% after Q2 Results

John Parker
Why Fiat Chrysler Stock Tanked ~15% after Q2 Results

Fiat Chrysler Automobiles (FCAU) reported its second-quarter results on July 25 before the US market opened. FCAU’s Q2 adjusted earnings were at 0.62 euros, or ~$0.72 per share, down ~10% YoY, which was also much lower than Wall Street analysts’ consensus estimates of 0.85 euros per share. In Q2, Fiat Chrysler’s combined global shipments rose 6% YoY to 1.3 million units, while its consolidated shipments rose 10% YoY.