Categories AlphaGraphs, Earnings, Industrials
GM Earnings: General Motors Q2 2024 profit jumps on higher revenues
Automotive giant General Motors Co. (NYSE: GM) Tuesday reported a sharp rise in adjusted profit for the second quarter of 2024, reflecting an increase in sales.
Revenue increased 7% year-over-year to $48 billion in the June quarter, with strong contributions from the GM North America division which accounts for about 85% of total sales.
The positive top-line performance translated into a 60% jump in adjusted earnings to $3.06 per share. Unadjusted net income was $2.93 billion or $2.55 per share in Q2, compared to $2.57 billion or $1.83 per share in the year-ago period.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key highlights from Bank of America’s (BAC) Q4 2024 earnings results
Bank of America Corporation (NYSE: BAC) reported its fourth quarter 2024 earnings results today. Revenue, net of interest expense, was $25.3 billion, up 15% year-over-year. Net income was $6.7 billion,
US Bancorp (USB) Q4 profit rises on higher revenues, beats estimates
U.S. Bancorp (NYSE: USB) Thursday reported an increase in revenue and profit for the fourth quarter of 2024. Earnings also came in above analysts' forecasts. Total net revenue increased 3.7%
UnitedHealth Group (UNH) Q4 2024 Earnings: Key financials and quarterly highlights
UnitedHealth Group (NYSE: UNH) reported its fourth quarter 2024 earnings results today. Total revenues were $100.8 billion compared to $94.4 billion reported in the same period a year ago. Net