Categories AlphaGraphs, Earnings, Industrials
Infographic: Highlights of General Motors Q2 2022 earnings report
Auto giant General Motors (NYSE: GM) on Tuesday reported lower earnings for the second st quarter of 2022, despite a 5% increase in revenues.
Second-quarter revenues rose 5% annually to $35.7 billion. The company reported earnings of $1.14 per share, on an adjusted basis, down from last year’s profit of $1.97 per share. The market had predicted a bigger number for the latest quarter.
On a reported basis, it was a net profit of $1.70 billion or $1.14 per share, compared to $2.84 billion or $1.90 per share in the second quarter of fiscal 2021.
Check this space to read management/analysts’ comments on GM’s Q2 report
The value of GM’s stock nearly halved since the beginning of the year. The stock closed the last session lower and lost further soon after the earnings announcement on Tuesday.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Next.e.GO Mobile has a unique, innovative production strategy: Chairman Ali Vezvaei
Next.e.GO Mobile SE is a manufacturer of electric vehicles for urban mobility, with a mission to provide convenient and cost-effective transportation solutions. Founded in Germany, Next.e.GO Mobile built its first
What to look for when Darden Restaurants (DRI) reports Q3 earnings
The American restaurant industry has almost returned to normal now, after months of disruption that made people stop eating out and choose home delivery. The companies are currently busy enhancing
Lennar Corp. (LEN): What is the homebuilder’s strategy in the current environment?
Shares of Lennar Corporation (NYSE: LEN) were down on Friday. The stock has gained 14% year-to-date and 12% over the past 12 months. The company delivered better-than-expected results for its