General Motors Headquarters inside the Renaissance Center in Detroit on April 15, 2024.
Jeff Kowalski | Bloomberg | Getty Images
Detroit- General Motors The company is scheduled to report third-quarter earnings before the bell on Tuesday.
Wall Street expected the following, according to an average estimate compiled by London Stock Exchange Group (LSEG):
- Earnings per share: Adjusted $2.43
- income: $44.59 billion
These results will mark revenue growth of 1% from the year-earlier period and adjusted earnings per share growth of 6.6%.
General Motors’ revenue in the third quarter of 2023 was US$44.13 billion, net profit attributable to shareholders was US$3.06 billion, or US$2.20 per share, and adjusted profit before interest and tax was US$3.56 billion, or US$2.28 per share.
The quarterly report comes just two weeks after GM’s investor day, where the company said its earnings strength is expected to continue into next year.
Topics of interest to investors that were not mentioned earlier this month include GM’s financing plans for its troubled Cruise autonomous vehicle unit, its China restructuring and any updates on its near-term electric vehicle sales and plans.
This is developing news. Please check back for additional updates.
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