General Motors Co. stock rose 3.6% in premarket trades Tuesday, after the car giant reported better-than-expected first-quarter results and raised its...
General Motors Co. GM stock rose 3.6% in premarket trades Tuesday, after the car giant reported better-than-expected first-quarter results and raised its outlook. The car maker earned $1.69 a share on net income of $2.395 billion, compared with earnings of $1.35 a share and net income of $2.939 billion in the prior year’s quarter. On an adjusted basis, GM earned $2.21 a share, compared with $2.09 a share in the same period last year, and above the FactSet consensus of $1.72 a share.
35 a share and net income of $2.939 billion in the prior year’s quarter. On an adjusted basis, GM earned $2.21 a share, compared with $2.09 a share in the same period last year, and above the FactSet consensus of $1.72 a share. The company’s revenue was $39.985 billion, up from $35.979 billion a year ago. Analysts surveyed by FactSet were looking for revenue of $38.550 billion. GM also raised its outlook. On an adjusted basis, GM now expects full-year net income of $8.4 billion to $9.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
General Motors recalls 40,000 Silverado trucks over fire riskGeneral Motors is recalling certain Chevrolet Silverado medium-duty trucks for model year 2019 or later, following the discovery of a potential leak in brake fluid that could result in a fire.
Read more »
GM recalls 40,000 Silverado pickups to fix fire riskGeneral Motors is recalling certain Chevrolet Silverado medium-duty trucks for model year 2019 or later, following the discovery of a potential leak in brake fluid that could result in a fire.
Read more »
'Park outside': GM recalls 40,000 pickups to fix fire riskGeneral Motors is recalling certain Chevrolet Silverado medium-duty trucks for model year 2019 or later
Read more »
GM, Samsung SDI plan to build new U.S. battery plant -sourcesGeneral Motors and Samsung SDI are expected to announce as early as Tuesday that they plan to build a new joint venture battery manufacturing plant in the United States, sources told Reuters.
Read more »
General Motors is set to report earnings before the bell. Here's what Wall Street expectsGM CFO Paul Jacobson earlier this month said the first quarter was coming in 'right alongside' the company's expectations, noting sales were up 18%.
Read more »
Astros' Chas McCormick won't come off injured list when eligible TuesdayChas McCormick still hasn't swung a bat since going on the injured list so he'll need a...
Read more »