Company news: General Motors (GM) quarterly results solidly beat analysts’ estimates

General Motors (GM) reported Q3 FY2024 earnings of $2.96 per share (versus $2.28 per share in Q3 FY2023), strongly beating analysts’ consensus estimate of $2.38 per share.

The company’s quarterly revenues amounted to $48.757 bln (+10.5% y/y), strongly beating analysts’ consensus estimate of $44.671 bln.

The company also raised FY2024 EPS guidance to $10.00-10.50 from its prior guidance of $9.50-10.50 versus analysts’ consensus estimate of $9.97.

GM rose to $49.90 (+1.98%) in pre-market trading.