Company News: General Motors (GM) quarterly earnings beat analysts’ estimate

Market news

30 April 2019

Company News: General Motors (GM) quarterly earnings beat analysts’ estimate

General Motors (GM) reported Q1 FY 2019 earnings of $1.41 per share (versus $1.43 in Q1 FY 2018), beating analysts’ consensus of $1.12.

The company’s quarterly revenues amounted to $34.878 bln (-3.4% y/y), missing analysts’ consensus estimate of $35.556 bln.

The company also reaffirmed guidance for FY 2019, projecting EPS of $6.50-7.00 versus analysts’ consensus estimate of $6.50.

GM fell to $39.26 (-1.87%) in pre-market trading.

Canada: Industrial Product Price Index, y/y, March 1.5%

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