General Motors' Strong Q3 Earnings Impress Analysts, Highlights Turnaround And EV Profitability Focus
Portfolio Pulse from Nabaparna Bhattacharya
General Motors (NYSE:GM) reported strong Q3 earnings, surpassing expectations with an EPS of $2.96 and sales of $48.757 billion. Analysts from Wedbush and Goldman Sachs are optimistic, maintaining high price targets. GM's focus on EV profitability and production targets is highlighted.
October 22, 2024 | 5:59 pm
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General Motors reported strong Q3 earnings, with EPS of $2.96 and sales up 10.5%. Analysts are optimistic, maintaining high price targets. GM focuses on EV profitability and production targets.
GM's strong Q3 earnings and positive analyst ratings suggest a bullish short-term outlook. The company's focus on EV profitability and production targets further supports this positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100