GM: expects to exceed 2018 guidance; shares jump

(CercleFinance.com) - Shares of GM jumped over 6% on Friday after the US carmaker said it expects to beat its guidance for 2018.


Providing investors with an update on its strategic plans, GM said it expects 2018 EPS and free cash flow to exceed the guidance provided at its third-quarter earnings in October.

GM also said it expects earnings growth next year.

For 2019, the company is aiming at EPS of between 6.50 dollars and 7.00 dollars, on adjusted automotive free cash flow of between 4.5 billion dollars and 6 billion dollars.

GM also announced that Cadillac would become its lead electric vehicle brand.

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