Welcome to Extreme Investor Network, where we bring you the latest updates and insights in the world of business news. Today, we turn our attention to General Motors (GM) as they gear up to release their third-quarter earnings report before the bell on Tuesday.
According to average estimates compiled by LSEG, Wall Street is expecting GM to report earnings per share of $2.43 adjusted and revenue of $44.59 billion. This would represent a 1% increase in revenue from the previous year and a 6.6% increase in adjusted earnings per share.
In the third quarter of 2023, GM reported $44.13 billion in revenue, net income attributable to stockholders of $3.06 billion, or $2.20 per share, and adjusted earnings before interest and taxes of $3.56 billion, or $2.28 per share.
Investors are eager to hear updates on GM’s funding plans for its Cruise autonomous vehicle unit, China restructuring, and electric vehicle sales and plans. These topics were not fully addressed during GM’s recent investor day, where the company highlighted its expected earnings strength going into the next year.
As we await the release of GM’s third-quarter earnings report, stay tuned for developing news and additional updates. For more exclusive insights and analysis on business news, don’t miss out on CNBC PRO content available on our site.
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