Stellantis Q3 Net Revenue Of €45.10B Up From €42.10B YoY; Combined Shipments Of 1,478K Units Up 11% YoY
Portfolio Pulse from Benzinga Newsdesk
Stellantis reported Q3 net revenue of €45.10B, up 7% YoY from €42.10B. The increase is mainly due to improved volume and consistent pricing, partially offset by foreign exchange impacts. The company also reported an 11% YoY increase in consolidated shipments, with improvements reported across Europe, Middle East & Africa, North America, and South America.
October 31, 2023 | 7:26 am
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POSITIVE IMPACT
Stellantis reported a 7% YoY increase in Q3 net revenue and an 11% YoY increase in consolidated shipments. This positive earnings report could potentially boost investor confidence and have a positive impact on the company's stock price in the short term.
Stellantis' Q3 earnings report shows a positive trend in both net revenue and shipments, which are key indicators of a company's financial health. This could potentially boost investor confidence and lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100