Stellantis stock falls despite first profit in over a year
Stellantis reported its first profit in over a year, with adjusted operating income nearly tripling year-over-year and beating analyst estimates. However, the stock sank as analysts flagged concerns over earnings quality and negative free cash flow.
Key facts
- Stellantis posted first profit in over a year
- Adjusted operating income nearly tripled year-over-year
- Earnings beat analyst estimates
- Analysts flagged earnings quality concerns
- Negative free cash flow reported
- Stock price declined after earnings release
Entities
Institutions
- Stellantis
Sources
- Quartz —