General Motors Q2 Adj. EPS $1.91 Beats $1.85 Estimate, Sales $44.75B Beat $42.64B Estimate
Portfolio Pulse from Bill Haddad
General Motors (NYSE:GM) reported Q2 earnings of $1.91 per share, beating the analyst consensus estimate of $1.85 by 3.24%. This is a 67.54% increase from the same period last year. The company also reported quarterly sales of $44.75 billion, beating the analyst consensus estimate of $42.64 billion by 4.94%. This is a 25.13% increase from the same period last year.
July 25, 2023 | 10:31 am
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General Motors reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
General Motors reported a significant increase in earnings and sales compared to the same period last year and also beat analyst estimates. This positive financial performance is likely to boost investor confidence and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100