April 15, 2024, General Motors headquarters at the Renaissance Center in Detroit.
Jeff Kowalski | Bloomberg | Getty Images
Detroit — general motors is expected to report third-quarter results before the bell on Tuesday.
Here’s what Wall Street is expecting, according to average estimates compiled by LSEG.
- Earnings per share: Adjusted $2.43
- Revenue: $44.59 billion
These results result in revenue growth of 1% and adjusted earnings per share of 6.6% compared to the same period last year.
GM’s third quarter 2023 sales were $44.13 billion, net income attributable to shareholders was $3.06 billion ($2.20 per share), and adjusted earnings before interest and taxes were $3.56 billion. ($2.28 per share).
The quarterly report comes just two weeks after GM’s investor day, in which the company said it expects the company’s strong profitability to continue into next year.
Topics of interest to investors not covered earlier this month include GM’s financing plans for its troubled cruise self-driving car division, China’s restructuring, and updates on near-term electric vehicle sales and plans. Contains information, etc.
This is developing news. Please check back for additional updates.
