News Formal

General Motors rises premarket after earnings blow past estimates

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

General Motors Co.’s stock GM, -1.48% rose 2.5% early Tuesday, after the car maker blew past earnings estimates for the third quarter. The company had net income of $3.064 billion, or $2.20 a share, for the quarter, after income of $3.305 billion, or $2.25 a share, in the year-earlier period. Adjusted per-share earnings came to $2.28, well ahead of the $1.87 FactSet consensus. Revenue rose to $44.131 billion from $41.889 billion a year ago, also ahead of the $42.482 billion FactSet consensus.

“We were profitable in every region, including China,” Chief Executive Mary Barra said in a letter to shareholders. “And GM International excluding China is on track to deliver significantly higher EBIT-adjusted in 2023 compared to a year ago.” Addressing the current strike by the company’s union-backed workers, Barra said the current offer “is the most significant that GM has ever proposed to the UAW, and the majority of our workforce will make $40.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

GE stock climbs premarket after posting better-than-expected Q3 earnings and raising guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Water treatment company Shimmick to offer 4.55 million shares in IPO priced at $10 to $12 eachCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Mitsubishi Motors to invest around 20 billion yen into Renault's new EV companyMitsubishi Motors to invest around 20 billion yen into Renault's new EV company - Nikkei
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

General Motors is set to report earnings before the bell. Here's what Wall Street expectsGM has been navigating ongoing strikes by the United Auto Workers after the union and Detroit automakers failed to reach labor deals by a Sept. 14 deadline.
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »

General Motors is set to report earnings before the bell. Here's what Wall Street expectsGM has been navigating ongoing strikes by the United Auto Workers after the union and Detroit automakers failed to reach labor deals by a Sept. 14 deadline.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »