Fiat Chrysler Automobiles N.V. (FCAU - Snapshot Report) is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler will benefit from rising sales in the U.S and Europe. The company intends to expand vehicle sales in key markets throughout the world. The company also focuses on maintaining cost efficiency.

However, Fiat Chrysler is going through a challenging period due to product recalls and warranty obligations. Product recalls increase the company’s cost burden. In addition, the automotive industry is highly competitive.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Fiat Chrysler’s earnings significantly increased to €0.338 (38 cents) per share in the first quarter of 2016 from €0.016 (2 cents) in the year ago quarter, significantly beating the Zacks Consensus Estimate of 21 cents.

Revenues: Fiat Chrysler reported revenues of €26.6 billion ($29.9 billion), up 3% year over year.

Key Stats/Developments to Note: For 2016, Fiat Chrysler expects revenue to increase over €110 billion ($123.7 billion). Adjusted net profit is expected to be higher than €1.9 billion ($2.1 billion).

Zacks Rank: Currently, Fiat Chrysler has a Zacks Rank #2 (Buy), but that could change following its earnings report which has just released.

Market Reaction: Fiat Chrysler’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.