Shares in Fiat fall of more than 4 percent after results
MILAN (Reuters) - Shares in Italian carmaker Fiat (FIA.MI) were briefly suspended in afternoon trade on Wednesday after a fall of more than 4 percent following the release of its fourth-quarter results.
The group said on Wednesday its trading profit was 987 million euros in the last three month of 2012, a bit lower than the 1 billion euros expected by analysts. It said it would not pay any dividend on 2012 results.
"In a market falling more than 3 percent, Fiat's plan not to pay a dividend is taking its toll on the shares," a Milan trader said.
At 0402 GMT, Fiat shares were down 3.9 percent at 4.50 euros, while Milan blue chip index FtseMIB .FTMIB was down 3.15 percent.
(Reporting by Sabina Suzzi; writing by Francesca Landini, editing by Danilo Masoni)
- Mexican train derails, stranding 1,300 migrants headed toward U.S.
- Israeli strikes kill more Palestinians; rocket causes huge blaze in Israel |
- Man suspected of shooting six dead in Texas to appear in court
- Four servicemen, five miners killed in eastern Ukraine |
- Obama tells Israel U.S. ready to help end hostilities