General Motors Co. (NYSE: GM) Wednesday reported its fourth-quarter financial results for the period ended December 31, 2020.
Fourth-quarter adjusted earnings climbed to $1.93 per share from $0.05 per share in the year-ago quarter and far exceeded the forecast. Net income was $2.8 billion, or $1.93 per share, compared to a loss of $232 million or $0.16 per share in the fourth quarter of 2019.
The strong bottom-line performance reflects a 22% increase in total revenues to $37.5 billion, which also topped market’s projection.
Read management/analysts’ comments on GM’s Q4 report
The shares of GM closed the last trading session lower, but reversed the trend during the pre-market session on Wednesday and gained about 2%.
Most Popular
GIS Earnings: All you need to know about General Mills’ Q1 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its first quarter 2025 earnings results today. Net sales decreased 1% year-over-year to $4.8 billion. Organic sales were down 1%. Net earnings attributable to
Guardian Pharmacy seeks to raise up to $108 mil in US IPO
Joining the wave of healthcare IPOs this year, amid Fed rate cut expectations, Guardian Pharmacy Services, Inc. is preparing to go public. In a statement filed with the Securities and
Earnings Preview: Will Micron (MU) maintain recovery momentum in Q4?
After recovering from a rough patch, Micron Technology Inc. (NASDAQ: MU) is preparing to report fourth-quarter results next week, even as the market keeps a close watch on the event
