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.
GM CEO and Chairman Mary Barra got involved in negotiations with the union as the work stoppage dragged on. The national work stoppage – the longest since 1970 against GM – is estimated to have cost the automaker more than $2 billion in lost production.is scheduled to report third-quarter earnings before the market opens Tuesday.Adjusted earnings: $1.31 per shareimpacted the company's third and fourth quarters and whether or not it was enough for GM to change its outlook for the year.
Wall Street analysts estimated the national work stoppage – the longest since 1970 against GM – cost the automaker more than $2 billion in lost production.for GM's 48,000 union workers. The deal included pay raises, lump-sum bonuses and $11,000 ratification bonuses for most workers, among other benefits.its full-year guidance for earnings per share of $6.50 to $7.00 per share. The company touts it has beat Wall Street estimates for 17-consecutive quarters.
Shares of GM have almost fully recovered from double-digit declines during the strike. The stock closed Monday at $36.64, down about 6% since before the strike started on Sept. 16.
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