GM may have seen 'peak earnings,' analyst says

General Motors Co. stock extended losses for a second session following a quarterly earnings beat and a guidance raise, and one Wall Street analyst set out to explain why.

That’s... General Motors Co. stock extended losses for a second session following a quarterly earnings beat and a guidance raise, and one Wall Street analyst set out to explain why. That’s from Emmanuel Rosner at Deutsche Bank, who added that the stock declines post-earnings were also “a function of challenging set-up” for the shares, with a “near-consensus expectation for large outperformance” that didn’t come to pass.

That’s when GM expects to have the electric Chevy Equinox, a compact SUV built on its newer Ultium battery and architecture platform, on offer and for around $30,000.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

General Motors is set to report earnings before the bell. Here's what Wall Street expectsGM CFO Paul Jacobson earlier this month said the first quarter was coming in 'right alongside' the company's expectations, noting sales were up 18%.
Source: CNBC - 🏆 12. / 72 Read more »

Stock ETFs see faster inflows despite Wall Street bear-market warningsStock ETFs are seeing accelerated inflows even as grimmer Wall Street predictions warn of a bear market ahead
Source: BusinessInsider - 🏆 729. / 51 Read more »