Fiat Chrysler Automobiles (NYSE: FCAU) said that its third-quarter adjusted operating profit rose 5% from a year ago, to 1.96 billion euros ($2.17 billion), as strong pricing drove a record result in North America despite a decline in overall shipments.
That adjusted operating profit, which excludes a series of one-time noncash impairment charges, was enough to beat the consensus Wall Street estimate of 1.89 billion euros as reported by Reuters.
FCA also confirmed its prior upbeat full-year guidance for 2019 -- and gave preliminary guidance for 2020, along with some new details about its ongoing restructuring efforts. But management had little to say about FCA's plan to merge with French automaker Peugeot (OTC: PUGOY), as the deal is not yet finalized.