General Motors beats by $0.08, misses on revenue


General Motors (GM): Q1 EPS of $0.29 beats by $0.08.

Revenue of $37.4B (+1.4% Y/Y) misses by $1.03B.

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Comments (10)
  • funfundvierzig
    , contributor
    Comments (4390) | Send Message
     
    “The performance of our core operations was very strong this quarter...," brags bombastic über boss of GM, Ms. Barra. "Very strong"? Flat revenues year over year is a "very strong" performance?

     

    Oh, and about this $1.3 billion charge for the massive number of cars being recalled for a multitude of defects and deficiencies, some 7 million vehicles. Isn't that a bit low? How many more charges for recalls (some of which may be yet to be announced) will show up in coming quarters? …funfun..
    24 Apr 2014, 08:31 AM Reply Like
  • JDoe20
    , contributor
    Comments (1333) | Send Message
     
    Not disappointed to see the GM bad news cheerleader being the first here to squeal with glee on any hint of negative news.

     

    Shares will be $50 by mid 2015 and collecting 3.5+% while I wait!
    24 Apr 2014, 09:06 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4390) | Send Message
     
    Sounds like GM with its flat revenues and corporate culture is the company for you. Go for it! ...funfun..
    24 Apr 2014, 09:11 AM Reply Like
  • JDoe20
    , contributor
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    We'll see who is right in 1-2 years although something tells me you won't be around if you can't squeal with delight on bad news.
    24 Apr 2014, 06:31 PM Reply Like
  • MichaelFleming
    , contributor
    Comments (31) | Send Message
     
    funfun, I was curious and checked your comment history. Aside from a few comments on DuPont, it looks like you comment on every article or story on GM. Do you ONLY comment on GM? Are you short, upset at the recall, or just bought a bad Chevy a few years ago?

     

    It's pretty well known that customers do not use these safety issues as their primary decision for purchasing a car. I know when I bought my Toyota I didn't care much about their recalls as much as I cared about price. I expect that within a year or two this issue will just be for car historians. As long as they avoid any more massive recalls for a few years, they'll make money for shareholders. And I expect a lot of money.
    24 Apr 2014, 10:26 AM Reply Like
  • funfundvierzig
    , contributor
    Comments (4390) | Send Message
     
    Michael Flemming, why the off-topic personal probe?

     

    Over the years, we have commented extensively over the internet at various news and investor sites on a number of corporations and banks, and particularly the DuPont Company, which has a destructive and demoralising Management culture uncomfortably like General Motors'.

     

    We have repeatedly disclosed our identity as an individual retail investor, and frequently disclose our ownership position in the companies about which we comment. At the moment, we have both long and short trading positions in GM.

     

    Finally, would-be car buyers may not put safety at the top of the list, but they do place great importance on the reputation and reliability of the maker. They demand the manufacturer stand behind its product. GM's customer-hostile disreputation will repel more than a handful of potential buyers in our estimation. ...funfun..
    24 Apr 2014, 10:39 AM Reply Like
  • Snoopy1
    , contributor
    Comments (1125) | Send Message
     
    @funfun, who exactly is "we"?
    24 Apr 2014, 10:48 AM Reply Like
  • JDoe20
    , contributor
    Comments (1333) | Send Message
     
    Funfun, who is we?? You always respond to other comments why don't you say who you are and what your obvious agenda is?
    25 Apr 2014, 02:36 PM Reply Like
  • funfundvierzig
    , contributor
    Comments (4390) | Send Message
     
    In other GM news, folks, the GM "Leadership" TEAM is chopping up the engineering function into two divisions:

     

    1) Product Integrity, and

     

    2) Components and Subsystems

     

    Segregating "Integrity" from parts? Isn't that what got these bumbling executives in deep trouble in the first place? Two segregated information silos now, instead of one?

     

    It simply gets more comical with every passing Press Release and every frantic move by the big bosses of GM.

     

    Merely the perspective of one individual retail investor with long and short trading positions in GM…funfun..
    25 Apr 2014, 03:00 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1125) | Send Message
     
    Can you articulate your long and short trading positions in GM? I'm sure other SA members can benefit from your investment acumen.
    25 Apr 2014, 04:07 PM Reply Like
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