General Motors: beats consensus in the 2nd quarter
(CercleFinance.com) - General Motors has reported adjusted (non-GAAP) earnings per share from continuing operations up 5.
6% to 1.89 dollars for the second quarter, beating the average estimates from analysts by close to 20 cents.
The Detroit-based automaker has seen its adjusted operating profit decline 4.3% to 3.7 billion, representing a margin fall of 0.3 points to 10% for a 1.1% dip in revenues to 37 billion dollars.
"With an aggressive launch cadence still ahead this year, we are on track to meet our financial commitments for 2017", says Chuck Stevens, Executive Vice President and CFO.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
6% to 1.89 dollars for the second quarter, beating the average estimates from analysts by close to 20 cents.
The Detroit-based automaker has seen its adjusted operating profit decline 4.3% to 3.7 billion, representing a margin fall of 0.3 points to 10% for a 1.1% dip in revenues to 37 billion dollars.
"With an aggressive launch cadence still ahead this year, we are on track to meet our financial commitments for 2017", says Chuck Stevens, Executive Vice President and CFO.
Copyright (c) 2017 CercleFinance.com. All rights reserved.