General Motors (GM) Q4 results top expectations

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 […]

$GM

February 10, 2021 1 min read

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 […]

General Motors Co. (NYSE: GM) Wednesday reported its fourth-quarter financial results for the period ended December 31, 2020.

GM Q4 2020 earnings infographic

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%.