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Fiat Chrysler’s Record Q1 Profits, Debt Reduction on Track

John Parker
Fiat Chrysler’s Record Q1 Profits, Debt Reduction on Track

Fiat Chrysler Automobiles (FCAU) reported its first-quarter results today before the US market opened. With the company’s 2% rise in revenues, it managed to report solid growth of 55% YoY (year-over-year) in net profits for the quarter. FCAU’s 1Q18 adjusted earnings were at 0.66 euros or ~$0.80 per share, up 54% YoY and at par with Wall Street analysts’ consensus of 0.66 euros per share. Fiat Chrysler stock had risen to $24.15 with 2.9% gains from the previous close in the pre-market trading session as of 8:55 AM EST.