Skip to main content

Market Overview

General Motors Gains 3+% Following Q1 Top And Bottom Line Beat

General Motors Gains 3+% Following Q1 Top And Bottom Line Beat

Shares of General Motors Company (NYSE: GM) were trading higher by more than 3 percent early Thursday morning after the company reported its first-quarter results.

General Motors said that it earned $1.26 per share in the first quarter on revenue of $37.3 billion. Wall Street analysts were expecting the company to earn $1.01 per share on revenue of $35.4 billion.

Net income for the quarter rose to $2.0 billion from $0.9 billion a year ago and the company noted it set first-quarter records for earnings and margin, with earnings before interest and tax (EBIT) adjusted to $2.7 billion and EBIT-adjusted margin of 7.1 percent. This compares to last year's EBIT-adjusted of $2.1 billion and EBIT-adjusted margin of 5.8 percent.

General Motors cited its positive earnings on improved year-over-year results in all operating segments.

Related Link: GM And GE: Will Revitalization Efforts Pay Out In Earnings?

GM North America reported a first-quarter EBIT-adjusted of $2.3 billion, GM Europe reported EBIT-adjusted break-even results, GM International Operations reported EBIT-adjusted of $0.4 billion, GM South America reported EBIT-adjusted of $(0.1) billion, GM Financial reported earnings before tax of $0.2 billion.

"We're growing where it counts, gaining retail share in the U.S., outpacing the industry in Europe and capitalizing on robust growth in SUV and luxury segments in China," said Chairman and CEO Mary Barra. "This strong quarter also reflects the excellent progress we're making to improve results in our more challenged global markets. Importantly, the continued success of our core business is enabling us to invest in advanced technology and innovations that will help shape the future of personal mobility."


Related Articles (GM)

View Comments and Join the Discussion!

Posted-In: auto manufacturers General Motors GM Mary BarraEarnings News Movers Trading Ideas Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at