General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street. The automaker is also taking a proactive approach with the United States government on regulations and doling out generous profit-sharing payouts to thousands of workers.
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.
General Motors stock is moving sharply lower Tuesday even after the automaker reported a fourth-quarter earnings beat. Here's what you need to know.
GM faces China setback but beats expectations, offers generous profit-sharing to workers, and navigates U.S. regulations.
General Motors Co. in Detroit today reported record 2024 profits of $14.9 billion, up 21 percent over 2023. The automaker did so with $187 billion in revenue last year, a 9 percent increase over year prior.
Morgan Stanley analyst Adam Jonas maintained a Hold rating on General Motors (GM – Research Report) yesterday and set a price target of
General Motors Company (GM) on Tuesday reported a loss of $2.96 billion in its fourth quarter. The Detroit-based company said it had a loss of $1.64 per share.
General Motors is up 4.9% since the beginning of the year, but at $53.90 per share, it is still trading 10.5% below its 52-week high of $60.20 from November 2024.
The stock's fall snapped a four-day winning streak.
General Motors swung to a loss in the fourth quarter ... That topped the $1.85 per share that analysts surveyed by FactSet predicted. Revenue climbed to $47.7 billion from $42.98 billion, beating ...
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General Motors Company (NYSE:GM), a leading American automaker, finds itself at a critical juncture as it navigates the evolving landscape of the automotive industry. While the company has experienced a remarkable surge in its stock price,