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.
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.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,
Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a
Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss