General Motors (GM) stock was the biggest decliner in the S&P 500 on Tuesday, falling nearly 9% as concerns about the potential impact of tariffs outweighed fourth-quarter revenue and adjusted profits topping estimates.
General Motors Company (NYSE:GM) earnings on Tuesday delivered a strong finish to 2024 and demonstrated another step in the right direction in the turnaround by management such that the "mojo is returning" for the carmaker, analysts at Wedbush said. The fourth-quarter results beat Wall Street forecasts at the top and bottom line, while providing 2025 guidance that was "well above" expectations on the top and bottom line as the company sees benefits from its investments and traction on the ground.
General Motors passed a major milestone in its efforts to make electric vehicles profitable. The Detroit automaker said EVs were "variable profit positive" in 2024.
GM reports better-than-expected results for Q4 2024 and expects full-year 2025 adjusted EBIT in the range of $13.7-$15.7 billion, up from $14.9 billion recorded in 2024.
General Motors Company (NYSE:GM ) Q4 2024 Earnings Conference Call January 28, 2025 8:30 AM ET Company Participants Ashish Kohli - Vice President, Investor Relations Mary Barra - Chairman & Chief Executive Officer Paul Jacobson - Executive Vice President & Chief Financial Officer Conference Call Participants Dan Levy - Barclays Emmanuel Rosner - Wolfe Research Joe Spak - UBS John Murphy - Bank of America Adam Jonas - Morgan Stanley Chris McNally - Evercore Tom Narayan - RBC Mark Delaney - Goldman Sachs Ryan Brinkman - JPMorgan Operator Good morning, and welcome to the General Motors Company Fourth Quarter and Calendar Year 2024 Earnings Conference Call. During the opening remarks, all participants will be in a listen-only mode.
General Motors (GM -10.26%) closed out a strong 2024 with fourth-quarter results that beat Wall Street's expectations. The U.S.-based automaker also predicts another good year in 2025 with even better bottom-line results.
General Motors Chair and CEO Marry Barra discusses the company's quarterly earnings results, working with the second Trump administration and the potential impact of tariffs.
General Motors Co. reported a better-than-expected profit outlook, boosted by resilience in the US market and improved performance in its China division. Craig Trudell reports on Bloomberg Television.
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General Motors Company (NYSE:GM) shares fell 8.4% to $50.3 in early trading on Tuesday even though the Chevrolet, Cadillac, GMC and Buick maker reported better than expected earnings. The auto manufacturer reported a fourth-quarter net loss of $3.0 billion and adjusted earnings of $2.5 billion, with net income reduced by more than $5 billion, mainly from restructuring and impairment changes relating to its China joint ventures that was confirmed in December.
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A day after Nvidia (NVDA) had the biggest drop in market cap in market history, Kevin Green takes us through what to watch in today's market. Boeing's (BA) CEO announced its turnaround plan as the company posted its biggest annual loss since 2020, while General Motors (GM) posts an earnings beat and has upbeat forecasts for 2025.