Shares of Jeep maker Stellantis fall as much as 10% after first-quarter results

shares of stellantis fell as much as 10% on thursday after the company reported first-quarter results. the jeep and dodge owner posted adjusted operating income of 960 million euros ($1.12 billion), nearly triple the 327 million euros from a year ago and well above the 568 million euro analyst consensus. this was the first time stellantis reported quarterly profit data — it previously only did so every six months. first-quarter net revenues hit 38.1 billion euros, up 6% from 2025, and net profit was 377 million euros, reversing a 387 million euro loss a year earlier. ceo antonio filosa said the numbers reflect "early results" of actions to return the company to profitable growth. citi analysts called the beat "very messy," noting provisions, tariffs, and the fact stellantis remains free cash flow negative. milan-listed shares pared losses to trade down about 7% after the initial 10% drop.