The all-new 2026 Jeep Cherokee Hybrid is on display during the 2025 Los Angeles Auto Show at the Los Angeles Convention Center on November 23, 2025 in Los Angeles, California.<\/p>\n
Josh Lefkowitz | Getty Images News | Getty Images<\/p>\n
Shares of auto giant Stellantis<\/a> fell sharply on Thursday after the company reported<\/a> a near tripling of its adjusted operating income in the first three months of the year, supported by improved sales in its key North American market.<\/p>\n The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, posted first-quarter adjusted operating income of 960 million euros ($1.12 billion). <\/p>\n That comfortably beat an analyst consensus of 568 million euros, according to a Reuters poll, and reflects a 194% increase from adjusted operating income of 327 million euros a year ago.<\/p>\n Milan-listed shares of the company fell as much as 10% during early morning deals, before paring losses. The stock was last seen down by around 6.1%. <\/p>\n The results mark the first time the company has started reporting quarterly profit data, which it previously only posted on a six-monthly basis.<\/p>\n Stellantis said first-quarter net revenues came in at 38.1 billion euros, a 6% increase from the same period in 2025. First-quarter net profit amounted to 377 million euros, versus a loss of 387 million euros in the first three months of 2025.<\/p>\n “As we initiate quarterly reporting, the first three months of 2026 reflect the early results of our actions to return Stellantis to sustainable, profitable growth,” Stellantis CEO Antonio Filosa said in a statement. <\/p>\n “The products we launched in 2025 have been well received and we’re confident that the 10 new vehicles planned for 2026 will build on this momentum,” he added.<\/p>\n