- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Although General Motors Company’s (NYSE:GM) net income fell in the third quarter from a year earlier, profit exceeded analysts’ expectations. General Motors develops, produces and markets cars, trucks and parts worldwide.
Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now
General Motors Company Earnings Cheat Sheet
Results: Net income for the domestic automobiles fell to $1.48 billion (89 cents per share) vs. $1.74 billion ($1.03 per share) a year earlier. This is a decline of 14.9% from the year-earlier quarter.
Revenue: Rose 2.4% to $37.6 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: General Motors Company reported adjusted net income of 93 cents per share. By that measure, the company beat the mean estimate of 61 cents per share. Analysts were expecting revenue of $37.54 billion.
The company has now topped analyst estimates for the last three quarters. It beat the mark by 15 cents in the second quarter and by 9 cents in the first quarter.
After dropping in the quarter before, revenue increased last quarter. Revenue fell 4.5% to $37.61 billion in the second quarter from the year earlier.
Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the fourth quarter is 68 cents per share, down from 79 cents ninety days ago. For the fiscal year, the average estimate has moved down from $3.26 a share to $3.14 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories:
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.