General Motors Q4 2023 Adj EPS $1.24 Beats $1.16 Estimate
Portfolio Pulse from Benzinga Newsdesk
General Motors (NYSE:GM) reported Q4 2023 earnings of $1.24 per share, surpassing the consensus estimate of $1.16. Quarterly sales were $43.00 billion, exceeding estimates of $38.97 billion but marking a slight 0.25% decrease from the previous year.
January 30, 2024 | 11:31 am
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General Motors reported higher-than-expected Q4 earnings and revenue, with EPS at $1.24 against a $1.16 estimate and sales beating estimates by over 10%.
Beating both earnings and revenue estimates typically has a positive impact on a company's stock price in the short term. Although there was a slight year-over-year decrease in sales, the significant beat on expectations is likely to be viewed positively by investors.
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