GM: shares rally on rosy outlook

(CercleFinance.com) - GM shares are up as much as 3% on Tuesday after the US carmaker said it was positioned "for another strong year in 2018 and an even better one in 2019.
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Speaking at Detroit's auto show, GM chairman and CEO Mary Barra said the company had a "very good 2017", while also continuing to be "more focused, resilient and profitable".

GM forecasts its 2018 results to be largely in line with expected 2017 results, mainly benefiting from continued strength in North America and China.

For 2017, the company said it expects record diluted-adjusted EPS at the high end of the previously stated range of 6 dollars to 6.50 dollars.

It also means that 2018 EPS should be in that range, while consensus was looking for just 5.98 dollars.

Shares in GM were consequently rising 2% at 45 dollars in early trading, versus a 0.6% rise in the S&P 500 index.

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