NEW YORK (TheStreet) -- Shares of Fiat Chrysler (FCAU) - Get Report  were rising in pre-market trading on Tuesday as the company posted better-than-expected earnings for the 2016 fiscal third quarter and raised its full-year earnings forecast. 

Before today's market open, Fiat Chrysler reported adjusted earnings before interest and tax (EBIT) of 1.5 billion euros, above the 1.4 billion expected from analysts surveyed by Thomson Reuters

Revenue came in at 26.8 billion euros, missing the 27.5 billion euros estimates from analysts surveyed by Thomson Reuters.

For the same period last year, the London-based automaker posted adjusted EBIT of 1.2 billion euros on revenue of 26.8 billion euros. 

Fiat Chrysler said it now expects to report an adjusted EBIT of 5.8 billion euros in 2016 vs. its prior estimate of an adjusted EBIT of 5.5 billion euros. 

The company also backed its full-year net revenue outlook of 112 billion euros. 

Fiat Chrysler's profit margins in North America grew 7.6% during the 2016 third quarter, up from an increase of 6.7% in the same period last year. 

North America represented 85% of the company's quarterly profit, reflecting strong demand for Jeep SUVs and pick-up trucks, Reuters reports. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates Fiat Chrysler as a Hold with a ratings score of C. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, the team also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.

You can view the full analysis from the report here: FCAU

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