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.