General Motors (GM) released its second quarter results, which saw rising domestic EV sales, signaling that EV sales may be on the rebound in the US. GM posted adjusted earnings per share of $3.06 (beating expected $2.70 per share) and revenue of $47.97 billion ($45.51 billion expected), a 7.2% jump from last year's revenue.
General Motors Company GM reported third-quarter adjusted earnings per share of $2.96, surpassing expectations, and sales of $48.757 billion, which was up 10.5%.
General Motors reported third-quarter earnings that topped estimates. GM's profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales.
General Motors Company (NYSE:GM ) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Ashish Kohli - Vice President of Investor Relations Mary Barra - Chairman and Chief Executive Officer Paul Jacobson - Executive Vice President and Chief Financial Officer Daniel Berce - President and Chief Executive Officer of GM Financial Conference Call Participants Joseph Spak - UBS John Murphy - Bank of America Merrill Lynch Dan Levy - Barclays Bank Ryan Brinkman - JPMorgan Chase & Co. Emmanuel Rosner - Wolfe Research Adam Jonas - Morgan Stanley Tom Narayan - RBC Capital Markets Edison Yu - Deutsche Bank James Picariello - BNP Paribas Exane Daniel Roeska - Sanford C. Bernstein & Co. Chris McNally - Evercore ISI Mark Delaney - Goldman Sachs Group, Inc. Operator Good morning, and welcome to the General Motors Third Quarter 2024 Earnings Conference Call.
General Motors posts better-than-expected results and also lifts its full-year forecast for adjusted EBIT, EPS and FCF.
GM topped third quarter earnings estimates as demand continues to stay strong. Transcript: CONWAY GITTENS: Investors have turned cautious as lending rates remain elevated and Wall Street moves into the thick of earnings season.
General Motors CFO Paul Jacobson on Tuesday discussed weakness in the Chinese market and the state of EV production.
General Motors (GM) shares surged Tuesday after the biggest U.S. carmaker posted better-than-expected results and raised its profit guidance on steady pricing and cost controls.
Although the revenue and EPS for General Motors (GM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
General Motors Company (NYSE:GM) shares soared more than 8% after the automaker's third quarter earnings crushed expectations. Revenue for the period was $48.8 billion, up 10.5% year-over-year and ahead of estimates of $44.3 billion.
General Motors (GM) came out with quarterly earnings of $2.96 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.28 per share a year ago.
CNBC's Phil LeBeau and GM CFO Paul Jacobson join 'Squawk Box' to discuss the company's quarterly earnings results, the strength of its ICE business, weakness in the Chinese market, state of EV production, and more.