Why General Motors Shares Are Trading Higher Today
Portfolio Pulse from Shivani Kumaresan
General Motors Company (NYSE:GM) reported Q2 FY23 sales growth of 25% YoY to $44.75 billion, beating the analyst consensus. Q2 deliveries increased by 11.5% YoY. Operating income rose 33% YoY to $2.8 billion. The company raised its FY23 net income outlook from $8.4 billion-$9.9 billion to $9.3 billion-$10.7 billion. GM shares are trading higher by 1.78% in premarket.
July 25, 2023 | 11:52 am
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POSITIVE IMPACT
General Motors reported strong Q2 FY23 results, beating analyst estimates and raising its FY23 outlook. This positive news has led to a 1.78% increase in premarket trading.
General Motors reported strong Q2 FY23 results, with sales growth of 25% YoY, beating analyst consensus. The company also raised its FY23 net income outlook. This positive news is likely to boost investor confidence, leading to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100