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GM's third-quarter earnings beat estimates despite $1 billion strike cost

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GM Q3 earnings beat Wall Street expectations, reporting $1.72 per share vs. the expected $1.31.

Analysts will be interested in finding out additional details about how a 40-day strike by the United Auto Workers impacted the company's third-quarter earnings.

The national work stoppage – the longest since 1970 against GM – is estimated to have cost the automaker more than $2 billion in lost production.on Tuesday beat Wall Street expectations for the third-quarter but lowered its guidance for the year due to the United Auto Workers' 40-day strike against the automaker.

Here's what GM reported Wednesday compared to Wall Street's expectations, according to Refinitiv consensus estimates:Revenue: $35.47 billion vs. $33.82 billion expected.

 

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I have a 19 year old Vauxhall Corsa made by GM if that helps

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GM slated to report earnings before the bellAnalysts will be interested in finding out additional details about how a 40-day strike by the United Auto Workers impacted the company's third and fourth quarters and whether or not it was enough for GM to change its outlook for the year.
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