Stellantis reported a 12% decrease in first-quarter revenues, attributed to lower volumes, an unfavorable product mix, and negative foreign exchange dynamics. Despite the downturn, the company has forecasted a stronger performance in the second half of the year. Notably, Stellantis's electric vehicle sales increased during this period. Meanwhile, Revvity's first-quarter revenues also declined by 4%, yet managed to surpass Wall Street expectations.
Stellantis sees Q1 2024 drop in revenue, but EV sales were up https://t.co/YKM2L41UoN by @michelle0728
Stellantis shares fall as auto maker misses forecasts with 12% revenue drop in first quarter https://t.co/ppzV7mCkjP
Stellantis $STLA stock down as Q1 revenue, vehicle sales fall short https://t.co/d1wy9Hgse3 https://t.co/AFs40BdVcd
Stellantis Q1 revenues fall 12%, forecasts stronger second-half https://t.co/tEqi11gFiX https://t.co/pTcIw7pzAZ
Stellantis Revenue Falls Below Forecasts on Lower Volumes, New Model Preparations https://t.co/70Pi7VuV2y
⚠️ STELLANTIS Q1 REVENUES FALL 12% AMID PRODUCT PORTFOLIO TRANSITION Full Story → https://t.co/mEQa2Rw5hk Stellantis said on Tuesday its revenue fell 12% in the first quarter of the year on lower volumes, unfavourable product mix and foreign exchange dynamics, partially…
Revvity Q1 Revenues Decline 4 Percent, Beat Wall Street Expectations https://t.co/YDUS2LHhGt