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

Market news

4 August 2021

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

General Motors (GM) reported Q2 FY 2021 earnings of $1.97 per share (versus -$0.50 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.85 per share.

The company’s quarterly revenues amounted to $34.200 bln (+103.8% y/y), beating analysts’ consensus estimate of $29.657 bln.

The company also raised its FY 2021 EPS guidance to $5.40-6.40 from $4.50-5.25 previously versus analysts’ consensus estimate of $6.90.

GM fell to $55.95 (-3.33%) in pre-market trading.

U.S.: ADP Employment Report, July 330

European session review: USD little changed, as markets await U.S. employment data

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