News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

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

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

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 NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

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.
Source: CNBC - 🏆 12. / 72 Read more »