Company News: General Motors (GM) Q1 Results Beat Analysts’ Estimates

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21 April 2016

Company News: General Motors (GM) Q1 Results Beat Analysts’ Estimates

General Motors reported Q1 FY 2016 earnings of $1.26 per share (versus $0.86 in Q1 FY 2015), beating analysts' consensus of $1.00.

The company's quarterly revenues amounted to $37.300 bln (+4.5% y/y), beating consensus estimate of $34.547 bln.

GM rose to $33.11 (+2.86%) in pre-market trading.

Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the release of the European Central Bank’s interest rate decision

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