GM raises full year earnings projections amid better chip supply
General Motors announced on Wednesday to raise its 2021 earnings guidance due to strong demand and better supply of semiconductor chips
By Shubhangi Mathur
Published - Dec 02, 2021, 01:34 AM ET
Last Updated - Jul 05, 2024, 05:57 AM EDT
• New adjusted earnings guidance for the current year is about $14 billion
• Shares of the company were up more than 3% to about $59.75
General Motors announced on Wednesday to raise its 2021 earnings guidance due to strong demand and better supply of semiconductor chips.
New adjusted earnings guidance for the current year is about $14 billion, an increase from $11.5 billion and $13.5 billion, said CFO Paul Jacobson.
