General Motors (GM) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.24 per share a year ago.
Automotive giant General Motors (GM 1.87%) reported strong earnings for the fourth quarter and full-year 2024 on Tuesday, Jan. 28. Robust adjusted earnings per share (EPS) of $1.92 topped the analysts' consensus estimate of $1.85 and were up 55% year over year.
CNBC's Phil LeBeau joins 'Squawk Box' to report on the company's quarterly earnings results.
GM is launching three new electric vehicles under its luxury Cadillac brand, aiming for “further improvements in EV profitability” as it scales up production.
General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations as the U.S. automaker continued to see strong consumer demand for its pricey gasoline-powered trucks and SUVs.
GM expects earnings per share of about $11.50 in 2025, up from $10.60 in 2024 and better than the $10.80 Wall Street currently projects.
General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Wall Street analysts expect adjusted earnings per share of $1.84 and revenue of $43.606 billion.
Strong volumes and pricing in Q4 are a promising sign for the GM earnings report. The post GM Earnings Due Amid Rising Profit Estimates appeared first on Investor's Business Daily.
Questions about tariffs, electric vehicles and the new White House administration could dominate General Motors Co GM fourth-quarter financial results Tuesday before market open.
General Motors Co. GM will report its fourth-quarter earnings on Tuesday, Jan. 28. Wall Street anticipates earnings of $1.86 per share, with revenues projected at $43.61 billion, as it reports before the market opens.
General Motors (GM -0.57%) turned in a strong 2024 on the back of rising sales. In fact, Detroit's largest automaker consistently topped Wall Street estimates and raised guidance while crosstown rival Ford Motor Company grappled with higher warranty costs.
General Motors (GM) closed at $53.91 in the latest trading session, marking a -0.57% move from the prior day.