Stellantis H1 EPS $2.54 Down From $3.73 YoY, Sales $91.53B Down From $107.21B YoY
Portfolio Pulse from Benzinga Newsdesk
Stellantis (NYSE:STLA) reported a significant decline in its half-year earnings and sales. The company's EPS dropped by 31.9% to $2.54 from $3.73 YoY, and sales decreased by 14.63% to $91.53 billion from $107.21 billion YoY.
July 25, 2024 | 5:58 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Stellantis reported a 31.9% decrease in EPS and a 14.63% decrease in sales YoY for H1. This significant decline in financial performance is likely to negatively impact the stock price in the short term.
The substantial decline in both EPS and sales indicates weaker financial performance, which is likely to lead to negative investor sentiment and a short-term decrease in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100