General Motors: Q1 EPS better than expected

(CercleFinance.com) - General Motors has posted adjusted (non-GAAP) EPS from continuing operations that is down 1.
4% at 1.41 dollar for the first quarter of 2019, with EPS therefore beating analysts' estimates by around thirty cents.

The Detroit based car maker saw its adjusted operating profit decline by 11.5% to 2.3 billion dollars, meaning a margin that is down 0.6 point at 6.6%, for revenues that are down 3.4 % at 34.9 billion dollars.

Dhivya Suryadevara, CFO, said, “We're making progress on our business transformation. We expect our global product mix, launch cadence and cost efficiencies to drive earnings growth throughout the year.”



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