Fiat Chrysler fourth-quarter lifted by North America business to meet expectations

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MILAN (Reuters) – Fiat Chrysler (MI:) (N:) said its operating profit matched expectations in the fourth quarter, boosted by strong North American business and better results in Latin America, as it heads to a merger rival PSA (PA:).

The Italian American carmaker said on Thursday its adjusted earnings before interest and tax (EBIT) grew 7.1% to 2.12 billion euros ($2.33 billion) in the final quarter of 2019.

Then result was in line with a 2.11 billion euro forecast in an analyst poll compiled by Reuters.

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