Company News: General Motors (GM) posts smaller-than-expected quarterly loss

Market news

29 July 2020

Company News: General Motors (GM) posts smaller-than-expected quarterly loss

General Motors (GM) reported Q2 FY 2020 loss of $0.50 per share (versus earnings of $1.64 per share in Q2 FY 2019), better than analysts’ consensus estimate of -$1.76 per share.

The company’s quarterly revenues amounted to $16.800 bln (-53.4% y/y), generally in line with analysts’ consensus estimate of $16.927 bln.

GM rose to $27.35 (+3.87%) in pre-market trading.

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