GM: EPS target range tightened up

(CercleFinance.com) - On its quarterly results, General Motors (GM) announced that it now expects adjusted EPS of between $10 and $10.
50 and adjusted EBIT of $14bn to $15bn for 2024, compared with $9.50-$10.50 and $13bn-$15bn respectively previously.

We have increased our share of the US retail market with above-average prices, well-managed inventories and below-average incentives, management said to shareholders.

For Q3 2024, the automaker's adjusted EPS rose 29.8% to $2.96, while adjusted EBIT increased 15.5% to $4.11bn, on revenues that are up 10.5% to nearly $48.8bn.


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