What investors should know ahead of GM's fourth-quarter earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

GM is expected to report a relatively positive fourth-quarter profit after the markets close Tuesday, capping off an unprecedented year of supply chain issues.

Wall Street analysts expect the Detroit automaker to report $1.19 adjusted earnings per share and revenue of $34 billion, according to Refinitiv estimates.

Wall Street analysts estimate the Detroit automaker will report $1.19 per share in adjusted earnings and $34 billion in revenue, according to Refinitiv estimates. That revenue would be lower by 9.3% compared with a year earlier, largely due to constrained production caused byGM's fourth-quarter adjusted EPS is expected to be its lowest of the year, and down from $1.93 from the fourth quarter of 2020.

Here's more on those issues and other things investors should know about ahead of GM's fourth-quarter results after the markets close Tuesday.e company's 2022 guidance. Due to the semiconductor chip shortage, inflation, and other outside factors, analysts expect this year to be a bumpy, yet promising, one for the automotive industry.Power Lunch

GM CFO Paul Jacobson told investors at a Credit Suisse conference in December that the company expectsWall Street analysts expect GM and other automakers to be conservative in their earnings guidance this year, continuing a trend from 2021.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines