- General Motors (NYSE:GM) reports revenue increased in Q2 on a currency-neutral basis, up $900M from the reported figure.
- EBIT-adjusted totals by operating segment: GM North America +$2.8B (10.5% operating margin), GM Europe flat at $0, GM International +$300M, GM South America -$100M, GM Financial +$200M.
- Automotive net cash flow from operating activities was $5.1B.
- Return on invested capital up to 23.4% from 14.7% a year ago.
- Improved margins in China are cited by GM.
- GM backs previous EBIT-adjusted margin guidance with the Q2 report.
- Previously: General Motors beats by $0.21, misses on revenue
- GM +6.24% premarket to $32.19