Reuters: Global Markets: Fiat shares fall more than 5 percent after 2013 guidance cut

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Fiat shares fall more than 5 percent after 2013 guidance cut Oct 30th 2013, 13:28 Tweet Share this Email Print Reprints Related Topics Hot Stocks » Asian Markets » People work at Fiat's Sevelsud plant in Atessa, central Italy, July 9, 2013. Credit: Reuters/Remo Casilli MILAN | Wed Oct 30, 2013 9:28am EDT MILAN (Reuters) - Shares in Fiat (FIA.MI) 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. (Reporting by Danilo Masoni, editing by Isla Binnie) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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