General Motors: Q4 beats consensus

(CercleFinance.com) - General Motors posted Q4 2017 adjusted (non-GAAP) EPS from continuing operations that is up 21.
3% at 1.65 dollar, 27 cents above the consensus.

The car maker from Detroit saw its adjusted operating profit increase 18.7% to 3.1 billion dollars, meaning a 1.7 point increase in its margin to 8.2%, even though revenues fell by 5.5% to 37.7 billion dollars.

For FY 2017, GM reported adjusted operating profit of 12.8 billion dollars, therefore renewing the record performance of 2016, boosted by both the strong performance in North America and an improvement at GM International.


Copyright (c) 2018 CercleFinance.com. All rights reserved.