Fiat Chrysler Automobiles NV (NYSE:FCAU) reported Q3 financial results with revenues above Street estimates and buoyed by its announcement to spin-off Ferrari in 2015. The company reported Q3 net income of EUR188 million in line with Q3 2013. EPS rose to EUR0.14 from a loss of EUR0.01 per share in the year-ago period. Analyst estimates were not available for comparison. Operating profit rose 7% year-on-year to EUR926 million, slightly below a forecast of eight analysts of EUR940 million. Revenues rose 14% year-on-year to EUR23.6 billion, beating a forecast of two analysts of EUR22.1 billion. The carmaker said global shipments totaled 1.1 million units, up 10% year-on-year driven by strong sales in the NAFTA area.Fiat Chrysler Automobiles NV (NYSE:FCAU) confirmed its full-year guidance with revenues expected above EUR93 billion, net income of between EUR 600 million-EUR 800 million and EPS of EUR0.44 to EUR0.60 per share. Separately, the carmaker announced it will spin-off its Ferrari unit in 2015, and that 10% of the luxury carmaker will be sold to the public and the rest will be distributed to Fiat Chrysler shareholders. Fiat Chrysler said it expects to list Ferrari shares in the U.S. and possibly on an European exchange.FCA CEO Sergio Marchionne commented, "As we move forward to secure the 2014-¬2018 Business Plan and work toward maximizing the value of our businesses to our shareholders, it is proper that we pursue separate paths for FCA and Ferrari. The Board supports management's determination that this transaction represents FCA's best course of action to support the long term success of the Group while at the same time substantially strengthening FCA's capital base."Coverage of online marketplace eBay Inc (NASDAQ:EBAY) has been initiated by analysts at Morgan Stanley with an underweight rating and a price target of $45 a share. The price target on the stock represents a potential downside of 12% from its Tuesday closing price. Shares of eBay Inc (NASDAQ:EBAY) are moving within a 52-week trading range of $46.34 - $59.70.RADCOM Ltd. (NASDAQ:RDCM) reported that financial results for Q3 ended Sept. 30, 2014, topped analysts' expectations. Shares are up 2.42% at $6.36 with a 52-week range of $4.00 - $7.28. RADCOM Ltd. (NASDAQ:RDCM), which provides service assurance and customer experience monitoring solutions, posted Q3 GAAP net income of $776,000 or $0.09 per share, compared with the prior-year period's net loss of $1.15 million or $0.15 loss per share. Non-GAAP net income was $872,000, or $0.10 per share, versus net loss of $1.02 million or $0.13 loss in the same quarter the previous year. Revenue was $6.01 million, up 26% from $4.76 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.03 on revenues of $5.38 million.
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