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Fiat Chrysler (FCAU) earnings report Q2 2020: $1.2 billion loss

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Fiat Chrysler Automobiles assembly workers produce protective masks, amid the spread of the coronavirus disease (COVID-19), at the Assembly Plant in Betim near Belo Horizonte, Brazil, May 20, 2020.

Washington Alves | Reuters

Fiat Chrysler said Friday it lost $1.24 billion (1.05 billion euros) in the second quarter as the coronavirus caused rolling shutdowns at its plants across the globe.

The company managed to beat Wall Street’s earnings expectations but missed on revenue, which declined 56% from a year earlier. Here’s how Fiat Chrysler performed versus what Wall Street expected, based on average analysts’ estimates compiled by Refinitive.

  • Adjusted EPS: A loss of 77 cents (65 euro cents)…



Source cnbc.com

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