General Motors: Q2 Earnings Snapshot
By AP News
Published - Jul 23, 2024, 06:39 AM ET
Last Updated - Jul 23, 2024, 06:39 AM EDT
DETROIT (AP) — DETROIT (AP) — General Motors Company (GM) on Tuesday reported second-quarter net income of $2.93 billion.
On a per-share basis, the Detroit-based company said it had profit of $2.55. Earnings, adjusted for non-recurring costs, were $3.06 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.
The an automotive manufacturer posted revenue of $47.97 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $45.41 billion.
