Categories AlphaGraphs, Earnings, Industrials
GM Earnings: General Motors reports higher sales and profit for Q3 2024
Automaker General Motors Co. (NYSE: GM) reported a double-digit increase in sales and adjusted earnings for the third quarter of 2024.
Revenue increased 10.5% year-over-year to $48.8 billion in the September quarter, benefitting from a 14% sales growth in the GM North America division which accounts for about 85% of total revenues.
As a result, adjusted earnings jumped 30% year-over-year to $2.96 per share. Unadjusted net income was $3.06 billion or $2.68 per share in Q3, compared to $3.06 billion or $2.20 per share in the year-ago period.
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