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Highlights from GM's earnings call

Jul. 25, 2017 11:03 AM ETGeneral Motors Company (GM) StockGMBy: Clark Schultz, SA News Editor5 Comments
  • Execs with General Motors (GM +0.7%) took a victory lap on the earnings call after the company topped profit estimates and also talked up the next-gen initiatives that are revving up in Detroit.
  • GM says it was the first automaker to mass produce 130 autonomous EVs in a month and noted the expansion of Maven to New York.
  • On the financial front, CFO Chuck Stevens said GM is on track to hit full-year EPS guidance of $6.00 to $6.50 and its cost efficiencies target of $6.5B through 2018. The backed guidance arrives even with GM adding 273K units in vehicle inventory in Q2 compared to a year ago.
  • Previously: General Motors beats by $0.20, misses on revenue (July 25)
  • Previously: Profit-focused GM rallies after earnings (July 25)

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