Fiat Chrysler is making a move
FCA reports in Euros because it's corporate headquarters is in London, but the stock trades on the NYSE. Converted to USD, the company made $0.21 a share, surpassing an analyst expectation of $0.19. Globally, FCA made $364 million.
In the US, FCA doubled its quarterly profits year-over-year, to $1.4 billion from $650 million, the Detroit Free Press reported. The Jeep brand was up 19% in the quarter in the US, which FCA said was the brand's best-ever performance.
Worldwide, FCA is guiding higher for the rest of the year: CEO Sergio Marchionne said that $4.9 billion is the company's expectation. Shares were trading up 4.5% on Thursday, to $15.
