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

Market news

5 February 2020

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

General Motors (GM) reported Q4 FY 2019 earnings of $0.05 per share (versus $1.43 per share in Q4 FY 2018), beating analysts' consensus estimate of $0.01 per share.

The company's quarterly revenues amounted to $30.826 bln (-19.7% y/y), missing analysts' consensus estimate of $31.765 bln.

The company also issued downside guidance for FY 2020, projecting EPS of $5.75-6.25 versus analysts' consensus estimate of $6.28.

GM rose to $34.57 (+0.58%) in pre-market trading.

U.S.: International Trade, bln, December -48.9 (forecast -48.2)

U.S. private employers add 291,000 jobs in January - ADP

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