Fiat reported second quarter earnings that matched analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of €0.59 on revenue of €27.15B. Analysts polled by expected EPS of €0.59 on revenue of €27.45B. That compared to EPS of €0.62 on revenue of €28.99B in the same period a year earlier. The company had reported EPS of €0.36 on revenue of €24.48B in the previous quarter.
Fiat follows other major Consumer Cyclical sector earnings this month
On Monday, Salvatore Ferragamo reported second quarter EPS of €0.28 on revenue of €387.8M, compared to forecasts of EPS of €0.28 on revenue of €385.14M.
Piaggio&C earnings matched analysts' expectations on July 26, with second quarter EPS of €0.07 on revenue of €470.8M. analysts expected EPS of €0.07 on revenue of €466.7M
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