General Motors Q3 Earnings: Revenue And EPS Beat, Raises Annual Profit Outlook On Growing Consumer Demand
Portfolio Pulse from Nabaparna Bhattacharya
General Motors (NYSE:GM) reported strong Q3 earnings, beating revenue and EPS estimates, and raised its annual profit outlook due to strong consumer demand. The company also increased its 2024 EPS guidance and expects higher free cash flow.
October 22, 2024 | 12:52 pm
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General Motors reported Q3 earnings that exceeded expectations, with EPS of $2.96 and revenue of $48.757 billion. The company raised its 2024 EPS guidance and expects higher free cash flow, indicating strong financial health and consumer demand.
GM's Q3 earnings exceeded expectations, with significant beats on both EPS and revenue. The company raised its 2024 EPS guidance and expects higher free cash flow, reflecting strong consumer demand and financial health. These factors are likely to positively impact GM's stock price in the short term.
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