Categories AlphaGraphs, Industrials

General Motors (GM) stock rises 4% after Q2 earnings release

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.

General Motors Q2 2020 earnings

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%.

[irp posts=”64296″]

Prior performance

[irp posts=”67108″]


Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Viewing Highlight