Wednesday, October 30, 2013

Reuters: Global Markets: Fiat shares up 1.5 percent after Chrysler confirms 2013 guidance

Reuters: Global Markets
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Fiat shares up 1.5 percent after Chrysler confirms 2013 guidance
Oct 30th 2013, 11:19

MILAN | Wed Oct 30, 2013 7:19am EDT

MILAN (Reuters) - Shares in Italian car maker Fiat (FIA.MI) gained 1.5 percent after its U.S. unit Chrysler confirmed its 2013 guidance, raising expectations that Fiat could do the same when it releases results later on Wednesday.

Before Chrysler's results, Fiat was trading 0.4 percent higher at 5.85 euros.

Analysts have been forecasting that Fiat will trim its 2013 guidance for its trading profit, or earnings before interest, taxes and one-time items, when it gives results later on Wednesday.

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