Fiat Chrysler fourth-quarter lifted by North America business to meet expectations

MILAN (Reuters) – Fiat Chrysler (MI:) (N:) said its operating profit matched expectations in the fourth quarter, boosted by strong North American business and better results in Latin America, as it heads to a merger rival PSA (PA:).

The Italian American carmaker said on Thursday its adjusted earnings before interest and tax (EBIT) grew 7.1% to 2.12 billion euros ($2.33 billion) in the final quarter of 2019.

Then result was in line with a 2.11 billion euro forecast in an analyst poll compiled by Reuters.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.