General Motors Co's investors will see on Thursday how the Detroit carmaker...
In April, GM Chief Executive Mary Barra said her “confidence in the year ahead remains strong,” citing the company’s new full-size pickup truck launch and the automaker’s ongoing business transformation.
For the second quarter, analysts expect GM to earn $2.08 billion, or $1.44 a share, on revenue of $36.1 billion, according to IBES data provided by Refinitiv. In 2018, the Detroit company reported negative cash flow of $3.3 billion in the first quarter, but ended the year at positive $4.4 billion. GM has laid out plans to introduce around 20 new models or variants of older ones this year, most in the second half. Profit pressure could increase as it launches a series of lower-margin electric vehicles over the next several years.
GM executives previously said they were “bullish” on sales in the segment for the rest of the year, and have cited the introduction of more profitable models as the launch continues.
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