Chrysler reports its third straight quarterly profit, driven primarily by a 40% increase in U.S. retail sales.Chrysler Group reported its third consecutive quarterly profit and logged its best financial performance in more than a decade.
Chrysler Group reported its third consecutive quarterly profit and logged its best financial performance in more than a decade, a turbulent period of changing owners with varied business strategies for the Detroit automaker.
Polo Ralph Lauren Corp.'s (RL) fiscal 2012 first-quarter earnings surged 57% to $1.90 per share from $1.21 in the year-ago period, as higher sales and strong gross margin drove performance. Quarterly earnings also surpassed the Zacks Consensus Estimate of $1.45.
World Market Pulse submits:Chrysler Group (DCX), the U.S. automaker managed by Fiat SpA, one of the two U.S. automakers rescued by the government last year, reported an $84 million third-quarter loss Monday, but executives and analysts believe that the company is moving in the right direction with a projected a $700 million operating profit for 2010 after stripping out financing costs tied to its government-funded bankruptcy.
By RetailSails:Like many industry observers, we eagerly anticipate the first Thursday of every month, when U.S. retailers release monthly same-store sales reports, as they provide a timely indicator of both performance at individual chains and clues about overall spending trends by American consumers. Unfortunately, the decade-long trend of retailers discontinuing monthly reporting continues (see graphic below), and soon it seems we will have only the oft-revised monthly retail report from the Dept.
DETROIT (Reuters) - Chrysler Group LLC reported its first quarterly net profit since the company emerged from a U.S.-funded bankruptcy nearly two years ago and came under the management control of Italian automaker Fiat SpA .
DETROIT (Reuters) - Chrysler Group LLC reported its first quarterly profit since the company emerged from a U.S.-funded bankruptcy nearly two years ago and came under the management control of Italian automaker Fiat SpA .