Categories AlphaGraphs, Earnings, Other Industries
GM Earnings: General Motors Q3 revenue drops 25%, but beats estimates
General Motors Co. (NYSE: GM) on Wednesday reported lower revenues and earnings for the third quarter of 2021. However, the results beat analysts’ estimates.
Third-quarter adjusted earnings dropped to $1.52 per share from $2.83 per share in the year-ago quarter but far exceeded the forecast. Net income was $2.42 billion, or $1.62 per share, compared to $4.05 billion or $2.78 per share in the third quarter of 2020.
The weak bottom-line performance reflects a 25% decrease in total revenues to $26.8 billion, which however topped the market’s projection.
Read management/analysts’ comments on GM’s Q3 report
The shares of GM closed the last trading session lower, but reversed the trend during the pre-market session on Wednesday and made modest gains.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
