GM: raises FY guidance after strong Q2

(CercleFinance.com) - On Wednesday General Motors raised its FY 2021 earnings forecast, after a "solid" second quarter, in particular seeing it gain market share in the full-size pickup segment.


The US carmaker now expects FY adjusted operating income of 11.5 to 13.5 billion dollars, up from a previous forecast range of 10 to 11 billion dollars.

The group also raised its EPS forecast range to 5.40 to 6.40 dollars.
GM reported Q2 EBIT of 4.1 billion dollars, a figure that includes 800 million dollars in costs due to the Chevrolet Bolt EV recall.

Its quarterly sales nearly doubled to 34.2 billion dollars from 16.8 billion dollars a year ago.

The share is down over 3.5% in pre-market trading on Wednesday.


Copyright (c) 2021 CercleFinance.com. All rights reserved.