General Motors Earnings: Here’s Why Investors Like These Results
General Motors Corporation (NYSE:GM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.51%.
General Motors Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 6.67% to $0.84 in the quarter versus EPS of $0.90 in the year-earlier quarter.
Revenue: Rose 3.95% to $39.1 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: General Motors Corporation reported adjusted EPS income of $0.84 per share. By that measure, the company beat the mean analyst estimate of $0.75. It beat the average revenue estimate of $38.37 billion.