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Stockreport

General Motors beats quarterly results targets, raises forecast [Reuters]

Tesla, Inc. (TSLA)  More Company Research Source: Reuters
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 3.45% in pre-market trading. The Michigan automaker upped its adjusted pretax profit projection 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 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. Report this ad While the company started 2024 strong, CEO Mary Barra still has two large challenges ahead: turning around GM's shrinking sales in China, and salvaging Cruise, its robotaxi uni [Read more]
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Stockreport

General Motors beats quarterly results targets, raises forecast [Reuters]

Tesla, Inc.  (TSLA) 
More Company Research Source: Reuters
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 3.45% in pre-market trading. The Michigan automaker upped its adjusted pretax profit projection 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 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. Report this ad While the company started 2024 strong, CEO Mary Barra still has two large challenges ahead: turning around GM's shrinking sales in China, and salvaging Cruise, its robotaxi uni [Read more]
IMPACT SNAPSHOT
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TSLA
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Price Change %
Volume Shares
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
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Multi-day stock performance from the time of the news release
LAST PRICE
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%
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%
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
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