General Motors raises 2024 guidance after big first-quarter earnings beat
Publishing timestamp: 2024-04-23 09:35:31
Summary
GM raised its 2024 guidance after beating Wall Street's expectations for the first quarter, driven by strong North American operations and truck sales. The company's revenue was up 7.6% from the previous year, leading to a jump in GM shares by more than 5%. GM also reported increased net income and adjusted earnings, with a focus on strengthening its internal combustion engine portfolio and scaling up production of electric vehicles. The company remains committed to the Chinese market despite losses in the region.
Sentiment: POSITIVE
Tickers: GM,
Keywords: dividends, mary barra, autos, business, paul jacobson, earnings, china, business news, transportation, breaking news: business, general motors co, breaking news: earnings,
Source: https://www.cnbc.com/2024/04/23/general-motors-gm-earnings-q1-2024.html