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.

General Motors Q3 2021 earnings infographic

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

  • GM Delivers Income of $4.0 Billion and EBIT-adj. of $5.3 Billion

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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