Wed, Oct. 21, 7:31 AM
Tue, Oct. 20, 5:30 PM
Thu, Jul. 23, 7:44 AM
- 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
Thu, Jul. 23, 7:34 AM
Wed, Jul. 22, 5:30 PM
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Thu, Apr. 23, 8:14 AM
- 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.
Thu, Apr. 23, 7:41 AM
Wed, Apr. 22, 5:30 PM
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Wed, Feb. 4, 7:48 AM
Tue, Feb. 3, 5:30 PM
Thu, Jan. 1, 4:57 AM
- General Motors (NYSE:GM) will record a charge of about $800M in the fourth quarter to redeem all of its 156.1M outstanding preferred shares at a cost of $3.9B.
- The move will further strengthen GM's balance sheet before the end of the year and close a chapter on the company’s 2009 bankruptcy restructuring.
Oct. 23, 2014, 8:14 AM| Oct. 23, 2014, 8:14 AM | 13 Comments
Oct. 23, 2014, 8:03 AM
Oct. 22, 2014, 5:30 PM
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Jul. 24, 2014, 2:45 PM
- General Motors (GM -4.2%) reported in-line Q2 earnings - not including $1.2B related to its never-ending recalls - but its North American margins came in at just 9.3%, which helps explain today's sharp losses in GM shares.
- The Q2 margin result was below general expectations that GM could post 10%-plus underlying (ex-recall) margins this quarter as the company is generating higher sales prices; in its earnings conference call, GM says it remains confident in its 10% margin target.
- Also in the call, CFO Chuck Stevens raised concerns over the Russian economy, saying GM had cut production by 20% in the country amid the political turmoil in the region.
Jul. 24, 2014, 7:43 AM
- After excluding the impact of special items - $1.2B in recall-related costs and $200M in restructuring costs - GM EBIT of $1.4B vs. $2.3B a year ago. Adjusted EPS of $0.58 vs. $0.84. Adjusted automotive free cash flow of $1.9B vs. $2.6B.
- GM North America EBIT-adjusted of $1.4B vs. $2B a year ago.
- GM Europe EBIT-adjusted loss of $300M vs. a $100M loss a year ago.
- GM International Operations EBIT-adjusted of $300M vs. $200M.
- GM South America EBIT-adjusted loss of $100M vs. a $100M gain.
- GM Financial pre-tax earnings of $300M is flat Y/Y.
- Previously: General Motors beats by $0.01, misses on revenue
- Shares -1.5% premarket
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