- Stellantis NV (NYSE:STLA) reported first-quarter FY23 revenue growth of 14% year-on-year to €47.2 billion.
- The revenue growth was boosted by higher shipments as semiconductor supply improved.
- Consolidated shipments of 1,476 thousand units increased 7% Y/Y.
- Revenue in North America and Enlarged Europe rose 10% Y/Y, and Middle East & Africa jumped 55%.
- Global battery electric vehicle (BEV) sales increased 22% year-over-year.
- Also Read: Stellantis Plans Buyouts To Hourly, Salaried Workers To Cut Costs
- The company aims to launch 9 additional BEVs in 2023 and the total BEV offerings is expected to reach 47 by the end of 2024.
- A dividend of €1.34 per share was approved at the annual general meeting to be paid to shareholders on May 4, 2023.
- Stellantis has initiated a €1.5 billion stock buyback, and the first €500 million tranche is expected to be completed in June 2023.
- Price Action: STLA shares are trading lower by 1.78% at $16.04 in premarket on the last check Wednesday.
- Photo Via Company
Casey’s General Stores, Cognyte Software, Beauty Health And Other Big Stocks Moving Higher On Tuesday
U.S. stocks traded lower, with the Dow Jones gaining around 90 points on Tuesday. Here are some big stocks recording gains in today’s session.
Shengfeng Development Limited (NASDAQ: SFWL) shares jumped 45.3% to $13.53.
