GM: confirms 2022 earnings estimate
(CercleFinance.com) - General Motors today reported Q3 net income of 3.
3 billion dollars, along with adjusted EBIT of 4.3 billion dollars.
The company reported record revenues of 41.9 billion dollars (up from 26.8 billion dollars as at 30 September 2021).
GM is maintaining its full-year earnings guidance, targeting annual net income of 9.6 to 11.2 billion dollars, and adjusted EBIT of 13 to 15 billion dollars.
FY diluted EPS is expected to reach 5.76 to 6.76 dollars, while adjusted diluted EPS should be between 6.50 and 7.50 dollars.
FY Automotive net cash flow from operations is expected between 16.0 and 19.0 billion dollars, while Automotive adjusted FCF should be between 7.0 and 9.0 billion dollars.
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