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
HP Inc. (HPQ) stock research summary | Q3 2021
HP Inc has shown a strong performance in Q4 2021. In spite of remote working, HP has shown a strong demand for PC and printer. The company has beat Zacks
VMware Inc. (VMW) stock research summary | Q3 2021
In this era of digital transformation, the technology industry is seeing a rapid influx of innovative products and solutions that help businesses adapt to the fast-changing and complex environment. VMware
IPO Alert: Cancer drug company Nuvectis Pharma set for $30-million IPO
After months of hectic activity, the IPO market experienced a lull in the Thanksgiving week, but it is still headed for a record year though the rush led by the
