3 Behind-the-Headlines Takeaways From General Motors' Q1 Report [Yahoo! Finance]
General Motors Company (GM)
Last general motors company earnings: 2/5 08:05 am
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Source: Yahoo! Finance
Its net income of $3 billion, or $2.62 per share on an adjusted basis, and revenue of $43 billion both handily beat Wall Street estimates as reported by Refinitiv. The Detroit giant also raised its full-year guidance. You might have seen all of that in Tuesday's headlines, but here are three deeper takeaways from GM's earnings report for investors holding -- or considering -- GM stock. GM's sales and pricing are holding up well, despite higher interest rates GM is a global business, but the U.S. market is its most important profit driver. The first quarter was good for the company at home as its U.S. retail sales grew 6% from a year ago. That wasn't a huge year-over-year gain, but it's impressive because GM was able to do it without huge price cuts and with incentives that were below the industry's average. That meant strong profit margins. GM's earnings before interest and taxes (EBIT)-adjusted margin -- essentially operating profit minus one-time items -- was a strong 9% glo
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