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General Motors: Q2 Earnings Snapshot
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DETROIT (AP) — DETROIT (AP) — General Motors Company (GM) on Tuesday reported second-quarter profit of $1.31 billion.

On a per-share basis, the Detroit-based company said it had net income of $1.41. Earnings, adjusted for non-recurring costs, were $3.57 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.13 per share.

The an automotive manufacturer posted revenue of $48.03 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $46.56 billion.

General Motors expects full-year earnings in the range of $12 to $14 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GM at https://www.zacks.com/ap/GM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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