Fiat shares fall more than 5 pct after 2013 guidance cut

MILAN Wed Oct 30, 2013 9:09am EDT

Related Topics

MILAN Oct 30 (Reuters) - Shares in Fiat fell more than 5 percent on Wednesday, triggering a limit-down suspension, after the Italian automaker cut its 2013 targets following a drop in Latin America quarterly revenues.

Fiat now expects to earn a trading profit of between 3.5-3.8 billion euros in 2013, the bottom end falling below an analyst forecast range of 3.65-3.92 billion euros.

Fiat shares last traded down 5.75 percent at 5.495 euros, their lowest level since July 8.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.