CNBC's Phil LeBeau joins 'Squawk Box' to report on the company's quarterly earnings results.
GM's stock rallies after profit beat by a wide margin and the full-year outlook was raised.
Wall Street maintained a cautious stance amid a flurry of earnings reports this week, while markets posted gains for the sixth consecutive week.
General Motors continued to defy Wall Street's expectations this year, posting third-quarter results ahead of analyst projections on the back of steady gasoline-engine truck and SUV sales and a focus on keeping inventories lean.
General Motors (GM) is set to report its third-quarter 2024 earnings today before the market opens. Investors are eager to see how the US automaker has performed in the face of economic headwinds and evolving market conditions.
General Motors is set to report its third-quarter earnings before the bell Tuesday. Wall Street analysts expect adjusted earnings per share of $2.43 and revenue of $44.59 billion.
General Motors GM is slated to release third-quarter 2024 results tomorrow, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $2.50 per share and $44.7 billion, respectively.
General Motors is poised to report its Q3 2024 results shortly. We expect earnings for the quarter to come in at $2.45 per share, slightly ahead of consensus and up by almost 8% compared to last year, while revenues are likely to grow by about 1% year-over-year to $44.7 billion.
General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly $1 billion earlier this week, an executive said on Thursday.
U.S. automaker General Motors said on Thursday that it fully supported the Mexican government's push to strengthen supply chains in the region, though it declined to "respond to speculation about future plans."
Mary Barra, G.M.'s chief executive, said that the company had fixed battery-manufacturing problems and that its electric vehicles would soon be profitable.
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