General Motors Co. (NYSE: GM) reported its first-quarter financial results today before the opening bell.
The company had a revenue of $32.5 billion, which was lower than what analysts expected.
Net income was $3 billion, or $2.03 per share, compared to $294 million or $0.17 per share in the first quarter of 2020.
First-quarter adjusted earnings climbed to $2.25 per share from $0.62 per share in the year-ago quarter and far exceeded the forecast.
When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:
Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption