Investing.com - Fiat reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fiat announced earnings per share of €0.76 on revenue of €25.81B. Analysts polled by Investing.com anticipated EPS of €0.35 on revenue of €25.08B.
Fiat shares are down 20.15% from the beginning of the year and are trading at €10.536 , down-from-52-week-high.They are under-performing the STOXX 600 which is down 17.77% from the start of the year.
Fiat follows other major Consumer Cyclical sector earnings this month
Fiat's report follows an earnings matched by Moncler SpA on Thursday, October 22, 2020, who reported EPS of €0.16 on revenue of €361.8M, compared to forecasts EPS of €0.16 on revenue of €341.37M.
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