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

Market news

5 May 2021

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

General Motors (GM) reported Q1 FY 2021 earnings of $2.25 per share (versus $0.62 per share in Q1 FY 2020), solidly beating analysts’ consensus estimate of $0.97 per share.

The company’s quarterly revenues amounted to $32.474 bln (-0.7% y/y), missing analysts’ consensus estimate of $33.150 bln.

GM rose to $57.15 (+3.27%) in pre-market trading.

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