General Motors (NYSE: GM) reported second-quarter financial results before the regular trading hours on Wednesday. Even though the pandemic pushed the automaker to a loss, it wasn’t as wide as the street expected. The company reported an adjusted loss of $0.50, compared to $1.77 projected by analysts.
Meanwhile, revenues fell below the street consensus.
GM shares rose 4% immediately following the announcement. The stock has declined 30% since the beginning of this year.
GM’s prime competitor Ford (NYSE: F) is scheduled to announce quarterly results tomorrow aftermarket. Electric vehicle pioneer Tesla (NASDAQ: TSLA), meanwhile, last week delivered a surprise profit in Q2, sending the stock up almost 7%.
While the markets got a boost a couple of weeks ago after Congress passed the new stimulus bill, investors seem to have adopted a cautious stance as details of the
Delta Air Lines (NYSE: DAL) reported fourth quarter 2020 earnings results today. Operating revenues fell 65% year-over-year to $4 billion. The company reported a GAAP net loss of $755 million,
Aphria Inc. (NYSE: APHA) reported second-quarter 2021 earnings results on Thursday. Revenues were C$160.5 million, an increase of 33% compared to the previous year. On an adjusted basis, the company reported earnings