MILAN (Reuters) – Truckmaker Iveco said on Tuesday its operating profit topped estimates in the first quarter of this year, in its first set of results as a stand-alone company.
The Italian group said its adjusted earnings before interest and tax (EBIT) of industrial activities came at 82 million euros ($88 million) in the January-March period, versus a 116 million euro pro-forma result one year earlier, when the company was still part of CNH Industrial.
That compares with an analyst consensus of 37 million euros reported by Intesa Sanpaplo.
Milan-listed shares in Iveco turned positive after results were published to gain 5.5% by 1210 GMT.
($1 = 0.9369 euros)
(Reporting by Giulio Piovaccari, editing by Cristina Carlevaro)
