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.
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.