GM reports earnings before the bell. Here's what to expect

Wall Street is projecting earnings per share of 30 cents on revenue of $31.1 billion, based on Refinitiv consensus estimates. Comparing reported earnings to analyst estimates for GM's first quarter isn't straightforward, though, as the coronavirus pandemic continues to hit global economies and makes earnings impact difficult to assess.

Analysts and investors are watching to see how much cash GM burned in the quarter as well as any guidance for the second quarter and beyond regarding the strength of its balance sheet and restarting U.S. production,Of the Detroit automakers, GM was expected to be best positioned to weather a crisis such as the coronavirus pandemic. For years, the automaker has aggressively cut costs and exited unprofitable markets, including Europe, to fortify its balance sheet.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Disney is set to report earnings after the bell as the pandemic has disrupted its theme parks and cruise businessesThis is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman. Good! The 800 Godzilla dollaz from cartoons n shit wasn't enuff so they raised their prices. Fck em. Disney the pedophile ring!
Source: CNBC - 🏆 12. / 72 Read more »

Disney Reports First Quarterly Earnings Since Pandemic BeganDisney estimates losses to be 'as much as $1.4 billion' as the coronavirus pandemic leaves the company’s theme parks, resorts and cruise ships shuttered. They'll be alright. good I am sure the government will bail them out
Source: NPR - 🏆 96. / 63 Read more »

Stocks making the biggest moves after hours: Pinterest, Mattel, Virgin Galactic and moreCheck out the companies making headlines after the bell. How are prices as high as they are? Down ONLY 20% from all-time highs. MELI
Source: CNBC - 🏆 12. / 72 Read more »