- General Motors (NYSE:GM) missed earnings estimates after Q1 results in parts of Europe and Brazil acted as a drag.
- EBIT-adjusted totals by operating segment: GM North America +$2.182B, GM Europe -$239M, GM International +$371M, GM South America -$214M, GM Financial +$214M.
- The automaker reported its total global market share fell 10 bps to 11.0% with one of the biggest slips in the U.S. cars category.
- North America capacity utilization stood at 100.5% at the end of the quarter vs. 104.4% a year ago.
- Recall and restructuring costs were also a factor during the quarter.
- GM backed its previous guidance with the Q1 report.
- Previously: General Motors slides 3.1% on earning miss
- GM -3.23% premarket to $35.96.