GM - 3 Behind-the-Headlines Takeaways From General Motors' Q1 Report
2024-04-25 06:13:00 ET
General Motors (NYSE: GM) reported its first-quarter results on Tuesday morning, and they were good. Its net income of $3 billion, or $2.62 per share on an adjusted basis, and revenue of $43 billion both handily beat Wall Street estimates as reported by Refinitiv. The Detroit giant also raised its full-year guidance.
You might have seen all of that in Tuesday's headlines, but here are three deeper takeaways from GM's earnings report for investors holding -- or considering -- GM stock.
GM's Ultium electric-vehicle (EV) program is back on track after a series of setbacks. Next up: The Chevrolet Equinox EV, arriving this quarter with 319 miles of range and a starting price of $35,000. Image source: General Motors.
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3 Behind-the-Headlines Takeaways From General Motors' Q1 Report