Wednesday, July 25, 2018

GM Q2 Results Beats View; But Sees FY18 Earnings Below Estimates

Automaker General Motors on Wednesday reported a 43 percent surge in profit for the second quarter from last year despite slightly lower revenues. However, both revenue and adjusted earnings per share beat analysts' expectations. Looking ahead, the company forecast full-year earnings below analysts' estimates, citing increases in commodity costs and the impact of unfavorable foreign exchange.

from RTT - Earnings https://ift.tt/2JT9Tuv
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