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General Motors beats quarterly results targets, raises forecast [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The Michigan automaker upped its adjusted pretax profitprojection to $12.5 billion to $14.5 billion, from its previous stated range of $12 billion to $14 billion for the year. “Our consumer has been remarkably resilient in this period of higher interest rates,” GM's chief financial officer, Paul Jacobson, said. The automaker reported that net income in the first quarter rose 24.4% over the year-ago period to $3 billion, on a 7.6% rise in revenue to $43 billion. Adjusted earnings per share of $2.62 beat the average Wall Street target of $2.15, according to LSEG data. Revenue topped the Wall Street target of $41.9 billion in the March quarter. While the company started 2024 strong, Chief Executive Mary Barra still has two large challenges ahead: turning around GM's shrinking sales in China, and salvaging Cruise, its robotaxi unit. Cruise halted operations late last year after one of its self-driving cars dragged a woman down a San Francisco street. Company officials shared ea
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