GM reports first-quarter profit of $2.9 billion:
Chief Executive Officer
, in a letter to shareholders, said:"Our confidence is strong as we accelerate our transformation, even in the face of a challenging macro environment." GM said its first-quarter results were driven by"improved production and robust customer demand in North America."it could improve wholesale deliveries by 25% to 30% this year, and predicted commodity and logistics costs would rise by $2.5 billion.
First-quarter revenue of $36 billion was up 11% from $32.5 billion a year ago. Diluted earnings per share were $1.35, compared with $2.03 a year earlier, while EPS-diluted-adjusted was $2.09 compared with $2.25 a year ago. GM said it expects full-year EPS-diluted of $5.76 to $6.76, and EPS-diluted-adjusted of $6.50 to $7.50.Reporting by Paul Lienert, Joe White and Ben Klayman in Detroit; Editing by Chris Reese, Jonathan Oatis and Bernard Orr
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Global Military Spending Tops $2 Trillion for First Time in History'If global leaders actually care about charting a more secure future, then we need a massive realignment in spending priorities,' says FCNL as SIPRIorg reports total worldwide military spending topped $2 trillion for the first time ever last year.
Les mer »
UBS 1Q Net Pft $2.14BBy Cristina Roca UBS Group AG's first-quarter profit earnings rose, beating analysts' expectations. The Swiss bank on Tuesday reported a quarterly net profit...
Les mer »
Novartis 1Q Net Pft $2.22BBy Cecilia Butini Novartis on Tuesday posted rising earnings and sales for the first quarter of the year as its key drugs drove the business and generics...
Les mer »
ApeCoin price breakout stalls after $2.4M BAYC NFT robbery — What's ahead?ApeCoin (APE) underwent a modest selloff a day after Bored Ape Yacht Club (BAYC) lost $2.4 million worth of NFTs in a robbery.
Les mer »
Opinion | Jared Kushner Sold Out to Saudis for $2 Billion and Nobody Seems to Care'Have we all been witnessing a young con-man walk away with billions after selling out Yemen, Khashoggi, and the U.S.? With virtually no questions from Congress or the mainstream media?'
Les mer »
Biotech company announces results from first US trial of GM mosquitoesOxitec reports that its insects behaved as planned — but a larger trial is needed to learn whether they can reduce wild mosquito populations.
Les mer »