Company News: General Motors (GM) Q2 EPS beat analysts’ forecasts

Market news

25 July 2017

Company News: General Motors (GM) Q2 EPS beat analysts’ forecasts

General Motors (GM) reported Q2 FY 2017 earnings of $1.89 per share (versus $1.86 in Q2 FY 2016), beating analysts' consensus estimate of $1.72.

The company's quarterly revenues amounted to $36.984 bln (-1.1% y/y), missing analysts' consensus estimate of $37.673 bln.

The company also reaffirmed guidance for FY 2017, projecting EPS of $6.00-6.50 versus analysts' consensus estimate of $6.08.

GM rose to $36.12 (+0.84%) in pre-market trading.

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