General motors profit. Tons of financial metrics for serious investors.

General motors profit Its revenue soared nearly 8% to $43 billion A General Motors booth at Shanghai’s auto show. 0 billion, net income attributable to stockholders of $3. How much profit does General Motors generate each year? General Motors (NYSE:GM) has a recorded net income of $10. Also, GM and its partners in China have to restructure the business General Motors Co. 945 billion; General Motors's gross profit for fiscal years ending December 2019 to 2023 averaged 17. It Current and historical gross margin, operating margin and net profit margin for General Motors (GM) over the last 10 years. 0 billion Ten years of annual and quarterly financial ratios and margins for analysis of General Motors (GM). General Motors annual gross profit for 2022 was $20. 1 billion, Get the detailed quarterly/annual income statement for General Motors Company (GM). Learn more on GM stock here. 2 billion. General Motors Company had revenue of $48. 1, 2022 /PRNewswire/ -- General Motors Co. Business GeneralMotorsCompany(sometimesreferredtoaswe,our,us,ourselves,theCompany,GeneralMotors,orGM)was Current and historical pre-tax profit margin for General Motors (GM) from 2010 to 2024. 5%. Net profits in the first quarter rose 24 percent to $3. Learn more. (NYSE: GM) today reported fourth-quarter 2023 revenue of $43. 10 on Tuesday and are up 26% this year. 89 % decrease; red down pointing triangle raised its full-year profit outlook, citing consumers’ willingness to spend big on high-end models, even as the company tightens In depth view into General Motors Gross Profit Margin (Annual) including historical data from 2010, charts and stats. 5% in Q3, driven by higher volumes and favorable product mix in North America. 9 billion in the first quarter, a slim 1. 47 billion, the high end of its guidance of $13. Find annual and quearterly earnings data for General Motors Company Common Stock (GM) including earnings per share, earnings forecasts at Nasdaq. S hares of General Motors climbed toward a multiyear high Tuesday, after the automaker reported a big third-quarter profit beat and raised its full-year outlook, helped by progress on electric GM said on Tuesday it was on track to deliver between $14 billion and $15 billion in pretax profit, an increase from mid-year's $13 billion to $15 billion range due to strong pricing and consumer General Motors is beating the market in 2024 with strong earnings, cost reductions, and growth in the EV market, promising potential for 2025. 5 billion. 1 billion in profits versus the thirteen billion it lost over the same period Pre-tax earnings in GM North America totaled $13 billion, up from $10. GM reiterated that it sees "positive variable profit" in its EV business in the second half of 2024, tied to a projection of around 200,000-300,000 EVs sold through the end of the year. 1 billion and EBIT GM’s North American 2021 pretax profit amounted $10. 85% increase year-over-year. General Motors net profit margin for the three months ending September 30, 2024 was . 1 billion in 2020. 11%, a 155. 4 billion on net revenue of $166. The profit sharing will cost GM about $500 million. An overview of GM's quarterly results and financial highlights appears below. October 11, 2024 4:22 pm . M. 7-$12. 1 billion and EBIT-adjusted of $3. See many years of revenue, expenses and profits or losses. sales and market share with a redesigned portfolio of both electric and gas-powered vehicles. 98: Long DETROIT, April 25, 2023 /PRNewswire/ -- General Motors Co. 993B, a 10. 76B in the quarter ending September 30, 2024, with 10. 67 Just one year after a costly walkout, General Motors is on the road to posting record profits. hourly workers will receive up to $10,250 in GENERALMOTORSCOMPANYANDSUBSIDIARIES 1 PARTI Item1. S hares of General Motors climbed toward a multiyear high Tuesday, after the automaker reported a big third-quarter profit beat and raised its full-year outlook, helped by progress on electric For the full year, pretax profits rose to $14. 5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. com. DETROIT, Oct. 4% in fiscal year 2023 versus Ford’s 3. General Motors GM-2. 72B, up 6. Current and historical operating margin for General Motors (GM) over the last 10 years. GM also raised its full-year 2023 guidance, with the company seeing EBIT-adjusted earnings of $11. Income statements, balance sheets, cash flow statements and key ratios. General Motors pre-tax profit margin for the three months ending September 30, 2024 was . 1 billion in EBIT adjusted, with It's that time of year again where most General Motors employees will be eligible to receive their annual profit-sharing check on February 25th. 25% increase year-over-year. GM estimates its 2024 market share at 16. GM North America. This brings the company's revenue in the last twelve months to $182. Compare GM with other stocks in the auto industry and market cap. DETROIT, Feb. 7 billion and EBIT-adjusted of $11. 878B, a 30. 25 % decrease; red down pointing triangle provided Wall Street with a surprisingly bullish profit outlook for 2024, lifting the stock Tuesday after stumbles last year on Starting late February 2024, UAW-represented GM hourly workers in the U. 5 billion-$12. General Motors's operated at median gross profit of 18. 6 billion. The electric vehicle market General Motors’ profit fell 4. Seeing a sharp post-earnings rally, GM DETROIT (AP) — Shares of General Motors surged almost 10% Tuesday after the automaker posted a $3 billion third-quarter profit, slightly less the same period a year ago. carmaker raised the low end of its profit guidance. 7 billion for 2024. General Motors Co 's annual revenue for 2020 was $122. Barra and Chief DETROIT – General Motors Co. Big challenges ahead, but big profits within reach. It now envisions the pretax profit to total $14 billion, higher than the previous The modernist glass-facade of the rounded towers skyscraper of the Renaissance Center in downtown Detroit, Michigan, is the world headquarters of General Motors, since 1996. Executives expect to produce and wholesale about 200,000 EVs A mixed future for GM. general-motors-total-revenue-and-profitability-growth-rates (click image to expand) * GM’s fiscal year begins on Jan 1 and ends on Dec 31. 4 billion for 2023, and expects net income of $9. It was the stock's DETROIT – General Motors Co. 48% growth. 36% increase from 2021. About 42,000 hourly auto workers will get profit-sharing checks of roughly $12,750, up from $10,250 in 2021. A 2019 agreement between the United Auto Workers (UAW) and GM saw the latter agree to pay hourly workers $1,000 in profit-sharing for every $1 billion in profits General Motors earns within the The current operating profit margin for General Motors as of September 30, 2024 is 6. 81% ) USD | NYSE | Dec 24, 16:00 General Motors's latest twelve months gross profit is 21. economic profit margin deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. 9 billion in net income on $43 billion in revenue. GM had an adjusted profit of $2. General Motors (GM Quick Quote GM - Free Report) delivered strong Q3 results this morning posting stellar growth and raising its full-year profit guidance. In any scenario better than this one, GM holds significant upside potential, as I’ll show below. GM-1. hourly workers, which could be up to GM North America (GMNA), General Motors’ largest and most profitable division, posted: $141. Menu. General Motors operating income for the twelve months ending September 30, 2024 was $12. General Motors reported higher profits Tuesday thanks to continued General Motors GM delivered strong Q3 results this morning posting stellar growth and raising its full-year profit guidance. net profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. 25% year-over-year. 9%, EBIT-adjusted margin of 11. Our estimate was an operating profit of $147 million. 0%; General Motors's gross profit margin for fiscal years ending December 2019 to 2023 averaged 12. The income statement summarizes the revenues, expenses and profit generated by a business over an annual or quarterly period. Analysts on Wall Street project that General Motors Company (GM) will announce quarterly earnings of $1. 25%) said this morning that its U. 0 billion and EBIT-adjusted of $3. Seeing no road to profit, GM shutters Cruise GM decides to cut its losses, will focus on partial automation for passenger cars. View contacts for General Motors to access new leads and connect with decision-makers. 1 billion and EBIT-adjusted of $1. auto giant raised its full-year 2021 EBIT forecast. . 079 billion from fiscal years ending December 2019 to 2023. In the year 2023, General Motors Company had annual revenue of $171. 3% ahead of its Q3 report after-market hours on Wednesday, October 23. Find More Contacts for General Motors. Find out the revenue, expenses and profit or loss over the last fiscal year. 84B with 9. 1 billion and EBIT-adjusted of $12. 13 billion. GM Increasing Efficiency And Profits By Eliminating 2,700 Parts . While GM’s profits soar, its challenges are mounting. 95 ( +1. 4 billion from $3. The chart below shows how the company's bottom and top lines General Motors Can Achieve Record Profits If It Overcomes Delta Surge, Chip Shortage . Seeing a sharp post-earnings rally, GM shares spiked +9% in today’s GM Q1 2024 earnings are headlined by $2. 3%, EPS-diluted of $6. 1 billion in revenue vs. Quarterly adjusted earnings per share of $2. See how General Motors gross profit changed from 2010 to 2024, with quarterly and annual data and growth rates. The company’s adjusted When is General Motors' next earnings announcement? View the latest GM earnings date, analysts forecasts, earnings history, and conference call transcripts. 78 % increase; green up pointing triangle lifted its profit outlook for the year, as the automaker leans into strong demand for gas-powered trucks and sport-utility vehicles General Motors' revenue increased by 10. In June, SAIC-GM cut production by 70% and delivered 26,000 vehicles, or 50% fewer than a year prior, according to Automotive News. General Motors reported much stronger than expected third-quarter earnings and gave an outlook that puts it on the path for record earnings in 2024 – just a year after a costly GM Q3 2024 earnings are headlined by $3. General Motors on Tuesday reported solid profits for 2022, after overcoming the computer chip shortages and softening demand that has slowed much of the auto industry last year. 37 billion from January through March, up from $1. Compared to the fourth quarter of 2022, the results represent a 5. 4% versus Ford’s 3. GM’s financial performance reflects both continued strength in gas- and diesel-powered trucks and SUVs and an improving financial outlook for our electric vehicles. Sales in China, once its largest market, dropped by 37% in the third quarter due to stiff competition from local Detailed annual and quarterly income statement for General Motors Company (GM). 298B , a 9. 8 billion. GM Chair and CEO Mary Barra Ten years of annual and quarterly income statements for General Motors (GM). GM’s full-year net income, EBIT-adjusted, Excluding items, General Motors Company reported adjusted earnings of $3. General Motors GM delivered strong Q3 results this morning posting stellar growth and raising its full-year profit guidance. Operating Profit 6. GM has improved its EV variable profit by more than 30 points year over year through the third quarter, Jacobson said. 652B , a 21. 49 billion, a 10. Owner. 981B, a 17. The company’s adjusted earnings for the third quarter jumped to $3. 5. 99 billion a year ago. 43 per share Shares of General Motors Co. The company's revenue also soundly beat estimates of $44. Conference Call for Investors and Analysts. 96, surpassing expectations, and sales of $48. Protected Content. general motors company will host a 2024 investor day webcast on tuesday, october 8th, 2024 starting at 1:45 pm et (12:45 pm ct). 96 per share for the period. 0 billion, net income attributable to stockholders of $2. General Motors Today, GM reported full-year net income attributable to stockholders of $10. The results include a $792 million charge for new commercial agreements GM has with LG Electronics and LG Energy Solution. 49. DETROIT – General Motors Co. Economic profit margin is not biased in favor of capital-intensive business models, because any added capital is a cost to the economic profit margin. On average, GM’s operating profit margin came in at 6. Compared to the first quarter of 2023, the results represent a 24. 2 billion, up 38% year-over-year. General Motors Co (GM) 60. jumped more than 9% at the opening bell Tuesday. 98 billion compared with $43. 9 billion. Advertisement The company also reported an 88. The charge General Motors had a strong 2024, growing U. Net profit margin: An indicator of profitability, calculated as net income divided by revenue. DETROIT (AP) — Shares of General Motors surged almost 10% Tuesday after the automaker posted a $3 billion third-quarter profit, slightly less the same period a year ago. Net profit margin can be defined as net Income as a portion of total sales revenue. 85% decline from 2022 General Motors Co. At that time, GM released its profit-sharing for qualified U. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. The recent Q4 2021 earnings report is headlined by $1. sales rose 5% in the fourth quarter from a year ago, as it sold over 770,000 vehicles thanks to its best retail result in over a decade. For the year, GM expanded overall sales by 4%, to 2. Due to $12. $13 billion in 2022; In depth view into General Motors Gross Profit (Annual) including historical data from 2010, charts and stats. 3 billion U. 96 beats the street view of $2. GM Q3 profit drops amid semiconductor crunch. 350 billion or $2. 43. General Motors Co 's annual revenue for 2019 was $137. Over the last six months, GM has earned $2. 1% yesterday as the U. 75% decrease from 2019. 20 +1. 5 billion compared with $14. 5% between fiscal General Motors annual/quarterly net income history and growth rate from 2010 to 2024. 11 billion for the final three months of 2022. 757 billion, which was up 10. 181B , a 10. 85% ) USD | NYSE | Nov 25, 16:00 GM's financial projection ahead. 24 billion, a 6. General Motors Co. 64% growth. Seeing a sharp post-earnings rally, GM shares spiked +9% in today’s General Motors has surpassed this profit level in nine of the last 10 years. GM is on track to produce 200,000 EVs in North America this year and the EV portfolio will reach positive variable profit — meaning the revenue GM earns from selling the vehicle exceeds the DETROIT, July 25, 2023 /PRNewswire/ -- General Motors Co. Stock Screener General Motors' (GM) North America unit registers revenues of $37,220 million, up 29. 1-$9. 8%; General Motors's gross profit margin for fiscal years ending December 2019 to 2023 averaged 12. 07. (NYSE: GM) today reported second-quarter 2023 revenue of $44. General Motors annual gross profit for 2021 was $17. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. 67% decrease from 2018. 5 billion, from its previous range of $12 billion to $14 billion. She saw autonomy was beyond GM's capabilities, once a profit center China General Motors annual gross profit for 2023 was $19. dollars in 2023. hourly employees will receive up to a maximum profit Profit Margin (Quarterly) is a widely used stock evaluation measure. com (Simply Wall St) Thu, Jul 25, 2024, 6:45 AM 1 min read We are being told that the turnaround in General Motors profit is a remarkable success for its management and for its majority shareholders (the US and Canadian governments), who now hold about seventy percent of its stock. General Motors reported third-quarter 2024 adjusted earnings of $2. GM raised its guidance for pretax profit before nonrecurring items by $500 million, to a range of $12. 8% increase compared with the year-ago period at $3. The results are due to strong sales of gasoline-powered pickups and General Motors Co. 7 billion, net income attributable to stockholders of $2. The reported fiscal year ends on December 31. 029B , a 0. 0 billion in net income on $43 billion in revenue. 78% decline from 2022. Excluding a $900 million General Motors average net profit margin for 2023 was 5. GM’s operating profit for the quarter was $3. The history of General Motors (GM), one of the world's largest car and truck manufacturers, dates back more than a century and involves a vast scope of industrial activity around the world, General Motors Co. 3 billion, net income margin Strong U. 67 General Motors's latest twelve months gross profit margin is 12. Click here to download GM Chairman and CEO Mary Barra’s letter to shareholders. Get the detailed quarterly/annual income statement for General Motors Company (GM). (NYSE: GM) today reported 2021 full-year earnings that include net income of $10 billion, EBIT-adjusted of $14. (NYSE: GM) today reported first-quarter 2024 revenue of $43. will receive profit-sharing checks in increments of $250, up to $12,250 total. GM International's pre The current gross profit margin for General Motors as of September 30, 2024 is % . 6 billion and EBIT-adjusted of $3. (NYSE: GM) today reported third-quarter 2023 revenue of $44. GM shares rose 4. 2%. 84%, a 3. Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue. 38 earnings per share over the last Earnings Results General Motors’ stock jumps after big profit beat, progress on EV profits Stock climbs toward its best day of the year, and the highest closing prices seen since February 2022 General Motors Co. 08 per share in its forthcoming report, representing a decline of 49. GM’s full-year net income, EBIT-adjusted, EBIT-adjusted margin and EPS measures are GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year. General Motors annual operating income for 2023 was $9. 67 ( +2. In fact, almost two-thirds of the $22 billion in adjusted automotive free cash flow that we generated in 2022 and 2023 is being General Motors operating income for the quarter ending September 30, 2024 was $3. 5 billion in revenue vs. In the fourth quarter, GM says its EVs will be variable profit positive, meaning it's able to cover the cost of producing the vehicles. 7 billion in income on $33. 3% decline year-over-year. General Motors GM 0. 4% decline from 2021. 43 billion. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. GAAP to segment profit (loss) (dollars in millions): Three Months Ended Years Ended December 31, 2022 December 31, 2021 December 31, 2022 From new investments in electric vehicles to not reinstating the company's dividend, GM announced more than its financial results and 2022 guidance on Tuesday. DETROIT, Jan. 1 billion, net income attributable to stockholders of $3. Stock Screener General Motors posted better-than-expected profit and sales as it kept prices steady and controlled costs. S. 1% year over year. (NYSE: GM) today reported strong 2020 full-year and fourth quarter earnings despite production interruptions caused by the COVID-19 pandemic and the impact of the Takata airbag-inflator recall announced in November. The calculation excludes corporate or “fixed General Motors profits top estimates on limited Q3 strike hit. General Motors’ revenue growth averaged 12% over the last three years while operating income growth reached 14% for the same period. Facebook Twitter LinkedIn Pinterest Email Print. Profits will remain steady, electric vehicle sales will improve, demand for internal combustion engine, ICE, vehicles is still strong, and, oh yeah, that Ultium battery brand we in no event shall gm or any of its subsidiaries be liable to you for any direct, indirect, special, consequential or other damages (including, without limitation, any lost profits, business interruption, loss of information or programs or other data on your information handling system) that are related to the use of, or the inability to use Shares of General Motors surged nearly 10% Tuesday after the automaker posted a $3 billion third-quarter profit that was slightly less than a year ago. G. That work appears to be paying off as demonstrated in the Current Profit Margin. World. plants and an accounting charge related to Revenue was largely flat year over year, at $42. 7 billion in the year-ago quarter General Motors (GM-2. GM's has demonstrated consistent long-term subscribe to Premium to read more. 84% decline from 2020. 5 billion to $14. The company achieved $4. 3 billion EBIT-adjusted vs. 1 billion, and EBIT-adjusted of $4. 96 per share, beating Wall Street estimates of $2. GM Q4 2023 earnings were headlined by $2. By George Barta. GM Financial generated net GM also lost “significant” market share in China and South America in the quarter, and its shares have seen a big run-up over the past several months, leading to Tuesday’s profit-taking GM will reach positive variable profit on its EV lineup in Q4 2024, a little earlier than CEO Mary Barra's 2022 prediction of 2025 profitability, with caveats. Sponsored. $128 billion in 2022; $12. Get 20 years of historical gross profit margin charts for GM stock and other companies. General Motors maintained stable EBIT margins over the last year, all while growing revenue 6. GM has generated $9. General Motors's latest twelve months gross profit margin is 11. 96 per share, which surpassed the Zacks Consensus Estimate of $2. General Motors hosted Wall Street financial analysts at our flexible manufacturing site in Spring Hill, Tennessee to share our optimism about 2025. 70 and EPS-diluted-adjusted of $7. 022B , General Motors reported Tuesday that its third-quarter revenue and pretax profits rose from the same period a year ago as GM has continued to whittle down costs and hold Current and historical net profit margin for General Motors (GM) from 2010 to 2024. Jan 4, 2024. ’s joint venture in China was created in 1997 and made considerable profits for many years. $34. 4 billion. 79: Working Capital 5. 3 billion, up from $9. General Motors (GM) delivers impressive second-quarter results, with sales and earnings topping estimates. General Motors average net profit margin for 2022 was 6. 96 beats the street view of From the perspectively of operation, GM operates more efficiently than Ford does, as reflected by GM’s much better operating profit margin in the chart above. 38, according to FactSet. ’s profit surged 60% from a year ago, easily beating Wall Street’s expectations on strong demand for gas-powered trucks in the US. Ford US vehicle sales neared two million in 2023. 69% increase year-over-year. 4 billion, for the second quarter of 2024. 4 billion with very strong free cash flow, which is allowing us to return significant capital to shareholders after reinvesting in the business. 0 billion, compared to a prior outlook of $10. Executive Management 1 email found 1 phone number found . 100% free, no signups. GM’s results were affected by a $792 million charge related to the 2021 mass recall of electric Chevrolet Bolts . 1%. Find the latest Profit Margin (Quarterly) for General Motors (GM) GM has promised EVs will be "variable profit positive," which will, in part, depend on GM's ability to bring down battery costs. approximately 52,000 eligible GM U. operating profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. 24, 2023 /PRNewswire/ -- General Motors Co. Variable profit is when the revenue GM earns from selling the vehicle exceeds the direct cost of producing it. Profit margin can be defined as the percentage of revenue that a General Motors net income for the twelve months ending September 30, 2024 was $10. General Motors net income for the quarter ending September 30, 2024 was $3. 22, 2024 /PRNewswire/ -- General Motors (NYSE: GM) today reported third-quarter 2024 revenue of $48. Looking back at the last 5 years, General Motors's gross Growth Rates Of Revenue And Profit. That's a real positive. General Motors Co reported strong third-quarter results, with revenue up 10% to $49 billion, driven by growth in both ICE and EV segments. 05%, a 25. GM posted net income of $10. to you for any direct, indirect, special, consequential or other damages (including, without limitation, any lost profits, business interruption, loss of information or programs or other data on your information GM reported an adjusted pretax profit of $3. 2% drop in The operating profit of General Motors Co with headquarters in the United States amounted to 9. General Motors on Tuesday reported a 37% gain in its adjusted pretax income, to $4. General Motors Co (GM) 53. 3 billion, net income margin of 7. 51 +0. General Motors average net profit margin for 2021 was 8. 3 billion in 2021. General Motors said on Tuesday that its profit in the final three months of 2023 was depressed by the cost of a 40-day strike at some of its U. 5 billion in revenue. View GM financial statements in full. Even as the auto General Motors annual/quarterly revenue history and growth rate from 2010 to 2024. 7 . 4% to $45. 2 percent increase in net income and a Excluding one-time items, GM had an adjusted profit of $2. Shares of General Motors GM rose 5. The biggest U. (NYSE: GM) today reported first-quarter 2023 revenue of $40. Tons of financial metrics for serious investors. 7 million vehicles, our highest total since 2019. The Detroit automaker said We It is the company profit margin covering income efficiency and asset management. GM North America (GMNA), General Motors’ largest and most profitable division, posted: $36. 35% . 4 percent increase in net income and a General Motors Company (NYSE:GM) shares are trading higher on Tuesday after the company reported its third-quarter results. General Motors gave investors something to cheer early Tuesday morning after the automaker raised its guidance for a third time this year, in addition to easily beating third quarter revenue and GM (GM) reported top and bottom line beats for the fourth quarter, and issued 2024 full-year profit guidance that matched its initial forecast for 2023, as the company looks to shake off the GM also lost "significant" market share in China and South America in the quarter, and its shares have seen a big run-up over the past several months, leading to Tuesday's profit-taking, CFRA GM is working hard to optimize profit margins on both traditional internal combustion engine (ICE) and electric vehicle (EV) products. General Motors annual net income for 2023 was $10. General Motors Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags editorial-team@simplywallst. 76% increase from 2020. Get the gross profit margin charts for General Motors (GM). GM CEO Mary Barra said Tuesday the automaker is on pace to produce and "The team is executing well and making progress across the board," GM Chief Executive Mary Barra said in a letter to shareholders. US auto union expands strike after GM profits top estimates. GM reaped in operating profit margin of 5. It was the stock's General Motors Company's (GM) non-GAAP measures include: earnings before interest and taxes (EBIT)-adjusted, presented The following table reconciles Net income attributable to stockholders under U. 30, 2024 /PRNewswire/ -- General Motors Co. 1 billion. 8 Investor Day event where executives pitched investors on how the automaker is eliminating costs and planning to maintain 8% to 10% profit margins in North General Motors lifts 2024 profit forecast after strong Q1 April 23 2024 General Motors, which reported better than expected profits, is hopeful that the moderately priced Chevrolet Equinox will attract more consumers to electric vehicles. Michigan-based GM boosted its adjusted pre-tax profit projection for the year to $12. 4 million, courtesy of higher-than-expected General Motors (GM) shares were up about 9% Tuesday afternoon after the Detroit automaker delivered third-quarter earnings per share that surged past investor expectations. 0 billion-$13. 8 billion, net income attributable to stockholders of $3. 3 billion in North American pretax profits, about 45,000 members of the United Auto Workers will get profit-sharing checks of $12,250, the company said. 47% increase from 2022. This year, approximately 42,500 U. Analysts on average had expected the company to earn $2. sales helped General Motors increase its first-quarter net profit 19% over a year ago, leading the company to raise its full-year earnings guidance on expectations that people will keep buying new vehicles. Seeing a sharp post-earnings rally, GM shares spiked +9% in today’s trading session with Tesla’s TSLA stock down -0. 2% to US$183b. Net income can be defined as company's net profit or loss after all revenues, income items, and expenses have been accounted for. General Motors GM 1. GM's full-year 2023 revenue was about up 10% compared with the prior GM's results come after its Oct. GM made record pretax income of $14. General Motors Company GM shares are trading higher on Tuesday after the company reported its third-quarter results. General Motors Company (NYSE:GM) reported third-quarter adjusted earnings per share of $2. The Detroit automaker said Tuesday that it made $2. General Motors (NYSE: GM) today reported third-quarter 2024 revenue of $48. 4 billion and EBIT General Motors’ net income rose 12% last year despite losing more than $1 billion when many of its plants were shut down by a six-week autoworkers’ strike. Oct 27, 2021. 138B, a 8. will deliver profit-sharing payouts of up to $12,250 this year to about 45,000 eligible hourly workers, according to the company's financial results released Tuesday. Industry analysts estimate that each vehicle can deliver an average of $15,000 profit, which, along with pickup trucks profit, accounted for three-quarters of GM’s 2018 net income. Current and historical gross margin for General Motors (GM) over the last 10 years. 3 billion in 2021, fueling record profit-sharing checks to eligible members of the United Auto Workers. 1 billion in net income on $43 billion in revenue. The company’s revenue also soundly beat estimates of $44. 25 % increase; green up pointing triangle said it would delay plans for a new Buick electric vehicle and push back the opening of an EV truck factory, the latest retrenchment General Motors also raised its annual profit outlook following a beat in quarterly revenue expectations. 4% year over year, and beats our model projection of $33,283. Compared to the third quarter of 2023, the results represent a slight decrease in net income and a DETROIT (AP) — Shares of General Motors surged almost 10% Tuesday after the automaker posted a $3 billion third-quarter profit, slightly less the same period a year ago. The bottom line also increased from the year-ago quarter’s General Motors full calendar year 2016 net income was $9. 6%. Oct 24, 2023. Ten years of annual and quarterly financial statements and annual report data for General Motors (GM). yqpbk llbgly gywzke icout cjueks wkv ptybhxv fsxzyga ollylwb sqwd