On January 5, 2023, a GMC pickup truck was displayed for sale inside a General Motors dealership in Austin, Texas.
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Detroit- General Motors It is scheduled to announce second-quarter results before the market closes on Tuesday.
wall street Expected GM Become a leader among Detroit’s traditional car companies, with stable sales and prices first half The largest automobile manufacturer in the United States.
Analysts expected the following, according to an average estimate compiled by London Stock Exchange Group (LSEG):
- Earnings per share: Adjusted $2.75
- income: $45.46 billion
These results will mark revenue growth of 1.6% from the same period a year ago and adjusted earnings per share growth of 44.2%. General Motors Last year’s second quarter results Revenue was US$44.75 billion, net profit attributable to shareholders was US$2.57 billion, and adjusted profit before interest and tax was US$3.23 billion.
Several Wall Street analysts expect GM to steer the automaker upmarket Guidance has been provided 2024, if no more rate hikes occur.
GM’s 2024 guidance includes adjusted earnings of $12.5 billion to $14.5 billion, or $9 to $10 per share, and adjusted auto free cash flow of $8.5 billion to $10.5 billion.
In addition to second-quarter results and 2024 guidance, investors will also be watching for details about the automaker’s all-electric vehicle plans, capital spending and Business in ChinaGeneral Motors has faced sales and profitability problems recently.
This is developing news. Please check back for additional updates.
