General Motors (GM) reported Q3 FY 2019 earnings of $1.72 per share (versus $1.87 in Q3 FY 2018), beating analysts’ consensus estimate of $1.38.
The company’s quarterly revenues amounted to $35.500 bln (-0.8% y/y), generally in line with analysts’ consensus estimate of $35.214 bln.
The company also issued downside guidance for FY 2019, projecting EPS of $4.50-4.80 compared to its prior guidance of $6.50-7.00 and analysts’ consensus estimate of $5.92.
GM rose to $37.35 (+1.94%) in pre-market trading.