RPV - General Motors Q1 Earnings Surprise: North America Growth Rising Profit Margin And Annual Guidance Boost | Benzinga
General Motors Company (NYSE: GM) reported a fiscal first-quarter 2024 sales growth of 7.6% year-on-year to $43.01 billion, beating the analyst consensus estimate of $41.88 billion.
Adjusted EPS of $2.62 beat the consensus estimate of $2.14. The stock price climbed after the results.
GM's market share reached 8.1% for the quarter, compared to 8.7% a year ago. In the U.S., the share changed to 15.4%, down from 16.4%. Its share in China reached 7.9%, down from 9.1% a year earlier.
GM's North American operations, backed by truck sales, mainly contributed to its first-quarter beat and guidance raise, CNBC cites the automaker.
Steady ...