- Company News: General Motors’ (GM) Q2 earnings beat analysts’ forecast
Market news
25 July 2018
Company News: General Motors’ (GM) Q2 earnings beat analysts’ forecast
General Motors (GM) reported Q2 FY 2018 earnings of $1.81 per share (versus $1.89 in Q2 FY 2017), beating analysts' consensus estimate of $1.80.
The company's quarterly revenues amounted to $36.800 bln (-0.5% y/y), generally in-line with analysts' consensus estimate of $36.618 bln.
The company also issued downside guidance for FY 2018, projecting EPS of ~$6 versus analysts' consensus estimate of $6.41.
GM fell to $37.76 (-4.36%) in pre-market trading.
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