General Motors reports dip in profits and revenue for Q1
The company’s revenue was reported as $35.98 billion, lower than the market estimate of $37.01 billion. Adjusted earnings were reported as $2.09 per share as compared to the analysts’ estimate of $1.68 per share
By Yashasvini Razdan
Published - Apr 26, 2022, 11:24 PM ET
Last Updated - Feb 23, 2024, 10:06 AM EST
• GM maintained its earnings expectations for 2022 despite supply chain instability
General Motors (NASDAQ: GM) upheld its earnings expectations for 2022 despite posting a lower profit and revenue for the first quarter of 2022, as compared to a year ago.
The company’s revenue was reported as $35.98 billion, lower than the market estimate of $37.01 billion. Adjusted earnings were reported as $2.09 per share as compared to the analysts’ estimate of $1.68 per share.
The automobile manufacturer raised its net income expectations from between $9.4 billion and $10.8 billion to $9.6 billion and $11.2 billion
