Company News: General Motors (GM) quarterly results beat analysts’ forecasts

Market news

10 February 2021

Company News: General Motors (GM) quarterly results beat analysts’ forecasts

General Motors (GM) reported Q4 FY 2020 earnings of $1.93 per share (versus $0.05 per share in Q4 FY 2019), beating analysts’ consensus estimate of $1.61 per share.

The company’s quarterly revenues amounted to $37.500 bln (+21.7% y/y), beating analysts’ consensus estimate of $36.341 bln.

The company also issued downside guidance for FY 2021, projecting EPS of $4.50-5.25 versus analysts’ consensus estimate of $6.04.

GM rose to $56.62 (+1.00%) in pre-market trading.

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