GM
$34.83
General Motors
($.17)
(.49%)
Earnings Details
2nd Quarter June 2017
Tuesday, July 25, 2017 7:40:00 AM
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Summary

General Motors Beats

General Motors (GM) reported 2nd Quarter June 2017 earnings of $1.89 per share on revenue of $37.0 billion. The consensus earnings estimate was $1.72 per share on revenue of $40.3 billion. The Earnings Whisper number was $1.75 per share. Revenue fell 12.7% compared to the same quarter a year ago.

The company said in its full press release it continues to expect 2017 earnings of $6.00 to $6.50 per share. The current consensus earnings estimate is $6.11 per share for the year ending December 31, 2017.

General Motors Company designs, builds and sells cars, trucks and automobile parts. The Company also provides automotive financing services through General Motors Financial Company, Inc.

Results
Reported Earnings
$1.89
Earnings Whisper
$1.75
Consensus Estimate
$1.72
Reported Revenue
$36.98 Bil
Revenue Estimate
$40.25 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

GM Reports Net Revenue of $37 Billion and Income of $2.4 Billion from Continuing Operations

General Motors Co. (GM) today announced strong second-quarter earnings and revenue from continuing operations driven by robust results in North America and China, solid improvement in South America and continued growth of GM Financial.

Second-quarter 2017 highlights:

-- EPS-diluted of $1.60, down 8 percent, and EPS diluted-adjusted of $1.89, up 5.6 percent

-- Consolidated EBIT-adjusted of $3.7 billion and EBIT-adjusted margin of 10.0 percent

North America EBIT-adjusted of $3.5 billion, and EBIT-adjusted margin of 12.2 percent, and

-- GM Financial EBT of $0.4 billion, up 67 percent.

Income from continuing operations to common stockholders includes a net loss from special items of $0.7 billion before tax, or $0.29 per diluted share for the quarter. Special items included $0.5 billion related to GM International Operations restructuring, $0.1 billion due to Venezuela deconsolidation and approximately $0.1 billion for legal matters related to the ignition switch recall.

For complete details and to see reconciliations of non-GAAP measures to their most directly comparable GAAP measures, click here to download the full press release, or visit the GM Investor Relations website.

(Note: All comparisons are year-over-year versus Q2 2016)

Investor analyst conference call GM Chairman and CEO Mary Barra and Executive Vice President and CFO Chuck Stevens will host a conference call for investor analysts at 10 a.m. EDT today to discuss second-quarter business results. The call will include introductory remarks followed by a question and answer session for analysts. Journalists who wish to listen to the call may dial in using the following numbers:

United States: 1-888-808-8618
International: +1-949-484-0645
Name of Call:
GM Earnings Call

General Motors Co. (GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world’s largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.

View original content:http://www.prnewswire.com/news-releases/gm-reports-net-revenue-of-37-billion-and-income-of-24-billio

SOURCE General Motors

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