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.
Urban Outfitters' reported earnings today, and news is bad for the namesake brand. The shares are plummeting more than 3% afterhours. While the overall brand sales were up 6%, sales at Urban Outfitters tumbled 12%. Free People reported an 8% increase in sales, while Anthropologie was up a whopping 25%.
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.
Chrysler Group LLC reported financial results for the second quarter of its 2014 fiscal year today (2QFY14), before markets opened. The company, now a part of Fiat SpA (FIATY), saw its net income surge 22% year-over-year (YoY) to $619 million; revenues rose 14% YoY to $20.5 billion.
The company’s solid performance during the quarter was driven by SUV sales. Chrysler sold 723,000 vehicles worldwide during the quarter, compared to 643,000 in the same period last year.
That it has been one of the most lacklustre shopping seasons in recent years has already been repeatedly covered, with average holiday spending expected to decline for the first time since the Great Financial Crisis of 2008, all this despite record promotions and an ever earlier start to Black Friday.
Tesla Motors Inc., the youngest U.S. automaker, ranks in the top five brands among people surveyed by Consumer Reports, another accolade from the magazine that rates Tesla’s Model S among the best cars it’s ever tested.
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.