Despite revenue growth, Stellantis' second-quarter profits fell short of expectations, and its stock price dropped 3%
Automaker Stellantis reported its second-quarter results, with net income of 293 million euros (approximately $336 million), falling short of market expectations of 464 million euros. Although revenue rose 13% year-over-year to 43.5 billion euros, exceeding expectations, the lower-than-expected profit caused its U.S.-listed shares to fall 3% following the release of the report.
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