Market movers: Stocks seeing action on Tuesday - and why [Globe and Mail, The (Toronto, Canada)]
General Motors Company (GM)
Last general motors company earnings: 2/5 08:05 am
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Source: Globe and Mail, The
General Motors increase ) on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up. The Michigan automaker upped its adjusted pretax profit projection to US$12.5-billion to US$14.5-billion, from its previous stated range of US$12-billion to US$14-billion for the year. “Our consumer has been remarkably resilient in this period of higher interest rates,” GM Chief Financial Officer Paul Jacobson said. Despite the company's struggles in China and with electric vehicles, strong vehicle pricing with gasoline-powered trucks pleased investors. “There ... is the reality that the pricing is staying stronger for longer than anybody anticipated,” said Tim Piechowski, portfolio manager at ACR Alpine Capital Research in St. Louis, which owns GM shares. “The engine of the company is truck and SUV at this point,” he added. “They're just generating substantial profit an
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GM
Earnings
- 4/23/24 - Beat
GM
Sec Filings
- 5/2/24 - Form PX14A6G
- 4/25/24 - Form PX14A6G
- 4/24/24 - Form ARS
- GM's page on the SEC website