Stellantis Shares Jump More Than 14% as Adjusted Q3 Loss Per Share Beats Estimates

An adjusted diluted loss that beat estimates preceded a more than 14% rise in Stellantis shares during early trading Wednesday, while the automaker reaffirmed its full-year guidance.

The adjusted diluted net loss came to €0.01 per share, €0.03 per share better than estimates.

Stellantis recorded a €4 billion industrial free cash flow deficit for the quarter, down from a €4.3 billion deficit a year earlier. Revenue rose 1% year over year to €37.6 billion, while adjusted operating income reached €256 million, compared with €90 million a year earlier.