Fiat reported third quarter earnings that missed analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of €0.65 on revenue of €27.31B. Analysts polled by forecast EPS of €0.83 on revenue of €27.69B. That compared to EPS of €0.33 on revenue of €27.59B in the same period a year earlier. The company had reported EPS of €0.59 on revenue of €26.74B in the previous quarter.
Fiat follows other major Consumer Cyclical sector earnings this month
On October 24, Moncler SpA reported third quarter EPS of €0.21 on revenue of €425M, compared to forecasts of EPS of €0.21 on revenue of €423.54M.
Pirelli & C earnings missed analysts' expectations on Tuesday, with third quarter EPS of €0.09 on revenue of €1.38B. analysts expected EPS of €0.11 on revenue of €1.33B
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