NEW YORK (TheStreet) -- Fiat Chrysler (FCAU) - Get Report stock is increasing by 3.51% to $15.04 in early morning trading on Thursday after the company reported revenue that surpassed analysts estimates, but earnings fell short of expectations for the second quarter of 2015.
Revenue increased 25% to $32.02 billion for the quarter, compared with $25.55 billion for the same period last year.
The company posted earnings of 23 cents per diluted share for the second quarter of 2015, compared with 16 cents per share for the second quarter of 2014.
Analysts had estimated earnings of 31 cents per share on revenue of $27.4 billion for the 2015 second quarter.
Total shipments rose to 1.19 million vehicles for the quarter, up from 1.18 million for the 2014 second quarter.
Additionally, Fiat Chrysler was sued in Canadian Superior Court in Montreal by Merchant Law Group, which is seeking $4 billion in damages related to the recall the company announced earlier this month, Reuters reports.
Merchant Law Group is seeking class action status for the lawsuit and will file claims in four other courts in Canada.
Canadian Transport Minister Lisa Raitt said the department is investigating the company's recalls as well, Reuters added.
Fiat Chrysler was also fined $105 million by the U.S. National Highway Traffic Safety Administration and will be required to buy back about $3 billion in recalled trucks.