GM - General Motors Vrooms Past Q4 Street Expectations Sees US EV Business Take Off From Second Half 2024 | Benzinga
General Motors Company (NYSE: GM) reported a fourth-quarter FY23 sales decline of (0.3)% year-on-year to $42.98 billion, beating the analyst consensus estimate of $38.97 billion.
Adjusted EPS of $1.24 beat the consensus estimate of $1.16.
GM’s market share reached 8.5% for the quarter versus 9.1% a year ago. In the U.S. the share changed to 15.7%, down from 16.7%. Its share in China reached 7.9%, down from 9.1% a year earlier.
The fourth quarter deliveries registered a 0.1 million increase Y/Y to 1.6 million units.
Operating income for the quarter fell to $0.9 billion versus $2.6 billion a year ago.
GM, ...