GM: Q3 sales flat but earnings leap 74%

(CercleFinance.com) - General Motors (GM) has reported Q3 results that reflect its performance, with the group having continued to invest in promising technologies - electric vehicles and autonomous vehicles - while proposing a new range of utility vehicles.


At 35.5 billion dollars, quarterly sales were pretty flat relative to Q3 2019. In contrast, GM's Q3 net profit came in at 4 billion dollars, up 74% from 2.3 billion dollars a year ago.

EPS thus reached 2.83 dollars, well above the consensus, and up from the 1.72 dollar at the same time last year.

These results clearly reflect the group's resilience, it said, something the market agrees with - the GM share is up over 3% in the first exchanges on Wall Street this Thursday.


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