trending Market Intelligence /marketintelligence/en/news-insights/trending/nUE-VU4p2ZiFsjghN7emqw2 content esgSubNav
In This List

Pininfarina Q3 loss narrows YOY

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries

Podcast

Next in Tech | Episode 168: AI Data Strategies

Podcast

Street Talk | Episode 126: Hunting the bears, making the bull case for CRE

Blog

Investment Banking Essentials May 15


Pininfarina Q3 loss narrows YOY

Pininfarina SpA said its normalized net income for the third quarter amounted to a loss of 2 euro cents per share, compared with a loss of 6 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €529,800, compared with a loss of €1.8 million in the year-earlier period.

The normalized profit margin rose to negative 3.1% from negative 10.3% in the year-earlier period.

Total revenue decreased 19.9% on an annual basis to €14.1 million from €17.6 million, and total operating expenses fell 24.9% from the prior-year period to €14.5 million from €19.3 million.

Reported net income came to a loss of €760,850, or a loss of 3 cents per share, compared to a loss of €3.0 million, or a loss of 10 cents per share, in the prior-year period.