Here you will find new and information about General Motors’ earnings.
Nine cents per share on common stock.
Very strong results driven by “wholesale volume growth and robust pricing across the portfolio.”
On concerns of demand destruction.
It has lost $900 million so far this year.
Better performance in North America was offset by markedly lower performance in China.
Healthy results in a sub-optimal operating environment.
Several things will be worth watching later this evening.
GM Financial made a lot of money selling off-lease vehicles and repossessions.
That’s a 38.8 percent decrease in income and a 10.5 percent drop in revenue year-over-year.
The General will report its earnings at market close on February 1st.
GM expects full-year adjusted pre-tax profits of around $14 billion.
Solid results given the ongoing operating landscape.
Analysts expect relatively solid results despite the ongoing supply chain disruptions.
GM is replacing the battery packs and also buying some vehicles back.
While raising its full-year guidance.
GM will report earnings on the morning of Wednesday, August 4th.
The captive finance arm also paid $0.6 billion in dividends to GM during the quarter.
Substantial growth in income on slightly lower revenue.
The automaker will release the earnings on Wednesday.
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