GM Raises 2024 EBIT-Adjusted Guidance from $12.5B-$14.5B to $13.0B-$15.0B, Increases 2024 Automotive Operating Cash Flow Guidance from $18.3B-$21.3B to $19.2B-$22.2B
Portfolio Pulse from Bill Haddad
General Motors (GM) has raised its 2024 EBIT-adjusted guidance from $12.5B-$14.5B to $13.0B-$15.0B and increased its 2024 automotive operating cash flow guidance from $18.3B-$21.3B to $19.2B-$22.2B.
July 23, 2024 | 10:34 am
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General Motors has raised its 2024 EBIT-adjusted guidance and increased its automotive operating cash flow guidance, indicating a positive outlook for the company's financial performance.
The increase in both EBIT-adjusted guidance and automotive operating cash flow guidance suggests that GM is expecting stronger financial performance in 2024. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100