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Notizie economiche
23.04.2024
Company news: General Motors (GM) quarterly results strongly beat analysts’ expectations
General Motors (GM) reported Q1 FY2024 earnings of $2.62 per share (versus $2.21 per share in Q1 FY2023), strongly beating analysts’ consensus estimate of $2.13 per share.
The company’s quarterly revenues amounted to $43.014 bln (+7.6% y/y), strongly beating analysts’ consensus estimate of $41.094 bln.
The company also issued raised guidance for FY2024, seeing EPS of $9.00-10.00, up from $8.50-9.50 in prior guidance, versus analysts’ consensus estimate of $8.89.
GM rose to $44.34 (+2.62%) in pre-market trading.
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