Stellantis Stock Rises 12% As Q3 Profit Nearly Triples And Guidance Holds
Photo: Coinpedia
Stellantis stock jumped about 12% in early New York trading on Wednesday after the Jeep and Chrysler owner held firm on its full-year outlook. Third-quarter revenue edged up 1% to €37.6 billion. Adjusted operating income almost tripled to €256 million from €90 million a year ago. The company still burned cash, with industrial free cash flow at minus €4 billion, slightly better than minus €4.3 billion last year. CEO Antonio Filosa said the turnaround launched in May is running ahead of plan and repeated that free cash flow should turn positive in 2027.
Source: Coinpedia
