• Company News: General Motors (GM) quarterly earnings beat analyst expectations

Notícias do Mercado

29 outubro 2019

Company News: General Motors (GM) quarterly earnings beat analyst expectations

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.

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