GM CFO Declined To Speculate How Long Strike Will Last, But As A Result Co Has Withdrawn 2023 FY Profit Outlook
Portfolio Pulse from Benzinga Newsdesk
GM's CFO has declined to speculate on the duration of the ongoing strike. As a result, the company has withdrawn its profit outlook for the fiscal year 2023.
October 24, 2023 | 10:58 am
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The ongoing strike at GM and the uncertainty around its duration has led the company to withdraw its 2023 FY profit outlook.
The ongoing strike at GM is a significant event that directly impacts the company's operations and financial outlook. The withdrawal of the 2023 FY profit outlook indicates that the company expects the strike to have a substantial impact on its financial performance. This uncertainty is likely to negatively affect the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100