Tuesday, July 26, 2022

GM Q2 Profit Misses Estimates; Confirms FY22 View

Auto major General Motors Co. reported Tuesday weak earnings for its second quarter, below market estimates, mainly reflecting the impacts of the semiconductor shortage and other supply chain disruptions, especially in June. Revenue, however, increased and topped market estimates. Looking ahead, the company said its outlook for the second half is strong and reaffirmed its fiscal 2022 outlook.

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