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Market Update

Fiat Chrysler Profit Nearly Doubles, Getlink Reported Record Passenger Count

Author: Sarla Buch
Last Update: 10:13 AM EST January 25 2018

4:00 PM Frankfurt Asos beats revenues forecasts. Elior Group revenues in the first-quarter jumped 6%. Fiat Chrysler profit nearly doubled on higher margins. Getlink reported strong fiscal 2017 revenues on record passenger count. Sky net surged on strong customer growth.

In London trading, FTSE 100 index rose 7.82 to 7,651.25 and in Frankfurt the DAX index fell 31.37 or 0.2% to 13,383.92.

In Paris, CAC 40 index slid 3.13 to 5,492.02.

ASOS Plc jumped 2.7% to 7,062 pence after the U.K.-based apparel, footwear and accessories retailer said total group revenues in the four-month ending in December surged 30% from a year ago to 808.4 million and total orders placed soared 30% to 20.2 million.

Elior Group SA advanced 2.3% to 19.44 after France-based food and support services provider said group revenues in the first-quarter ending in December jumped 6.3% from a year ago to 1.7 billion.

The catering services provider said domestic revenues increased 4% to 579 million and revenues in the international segment soared 11.9% to 706 million.

Fiat Chrysler Automobiles NV held at 6.94 after the Italy-based auto maker reported net revenues in the fourth-quarter ending in December dropped 3% from a year ago to 28.9 billion.

Net profit in the quarter nearly doubled to 804 million from 409 million in a year ago period and diluted earnings per share jumped to 0.51 from 0.27.

Fiat Chrysler forecasted fiscal 2018 revenues of about 125 billion, net profit of 5 billion and operating profit of 8.7 billion and strong available liquidity of 20.4 billion.

Getlink, formerly known as Groupe Eurotunnel SE slid 0.1% to 11.15 after France-based Channel Tunnel operator reported revenues in the year ending in December advanced 4% from a year ago to 1.03 billion.

Shuttle services revenues increased 3% to 604.1 million after record passenger count and traffic increased 3% to 10.3 million and revenues in railway network segment jumped 4% to 292.8 million.

Sky Plc increased 0.9% to 1,033 pence after the U.K.-based broadcasting services provider reported revenues in the first-half ending in June jumped 4.7% from a year ago to 6.7 billion.

Net income in the period surged 39.6% to 448 million from 321 million in a year ago period and diluted earnings per share advanced to 26 pence from 18.7 pence.

Sky sold more than 60 million individual products of which 20 million were ''pay as you go'' products and Sky Mobile which in its first year attracted more than 335,000 customers.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc