Automaker Stellantis N.V. (STLA) on Thursday reported a return to profit in the first quarter, supported by higher revenue. However, shares were trading down more than 5% or 42 cents at $7.28, in pre-market trading today.
Profit before tax came in at €538 million, compared with a loss before tax of €413 million in the same period last year.
Operating income was €688 million, versus an operating loss of €316 million a year earlier.
Excluding one-time items, adjusted operating income rose to €960 million from €327 million last year.
Net profit was €377 million, or €0.14 per share, compared with net loss of €387 million, or €0.13 per share in the prior year period.
On an adjusted basis, earnings per share increased to €0.21 from €0.04 a year earlier.
Revenue rose 6% to €38.132 billion from €35.813 billion, driven by improved performance in North America and gains in Enlarged Europe and the Middle East & Africa.
For fiscal 2026, Stellantis expects net revenues to increase by a mid-single-digit percentage.
The stock closed at $7.70 on Wednesday, down 2.04%.
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