|Day's Range||30.60 - 30.60|
|52 Week Range||28.99 - 35.83|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
General Motors' second-quarter net profit fell more than 40 percent as the carmaker lost money on the pending sale of its European unit and warned it still faces billions of dollars in further losses to ...
General Motors Co (GM.N) on Tuesday reported a better-than-expected quarterly net profit, helped by cost cuts, and promised to cut production in the second half to curtail its burgeoning U.S. inventory of unsold vehicles. GM Chief Financial Officer Chuck Stevens cautioned in a call with analysts that production of its profitable large pickup trucks in North America could fall by 10 percent in 2018 as a new generation of trucks is launched. GM reported second-quarter net income of $2.4 billion or $1.60 per share, down from $2.8 billion or $1.74 per share a year earlier.
General Motors (GM) released its second quarter earnings today, and they were good enough to avoid a selloff. General Motors reported an adjusted profit of $1.89 a share, beating forecasts for $1.69, although sales of $37 billion missed analyst expectations for $40.1 billion. GM also said it plans to cut production by 150,000 cars during the second half of the year.