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.
By Zacks.com:
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.
Quarterly Details
As Chrysler reports its first annual profit in years, other U.S. automakers show their strongest January sales numbers since 2008.Chrysler Group reported its first annual profit in years, and the U.S.
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 .
Chrysler Group reported a small net profit for the first quarter as a result of rising vehicle sales, its first since exiting bankruptcy almost two years ago.
Chrysler Group reported a small net profit for the first quarter as a result of rising vehicle sales, its first since exiting bankruptcy almost two years ago.
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 .