My god GM dead in the water after last quarter.
https://finance.yahoo.com/news/gm-s...sales-profits-top-expectations-131227389.html
"
General Motors (
GM) shares jumped early Tuesday as the automaker
reported profit jumped in the fourth quarter, driven again by record revenue and strong demand.
For the full-year, the company reported profits of $14.5 billion, near the high end of its forecast, amid what CEO Mary Barra called "strong customer demand" in a
letter to shareholders.
For the quarter, GM reported:
- Revenue: $43.1 billion vs. $40 billion expected
- Adjusted EPS: $2.12 vs. $1.69 expected
On the profitability front, GM reported adjusted EBIT (earnings before interest and taxes) of $3.8 billion, beating estimates of $3.2 billion. GM also reported full-year adjusted EBIT of $14.5 billion, on the higher end of its prior guidance of $13 billion to $15 billion.
"GM led the U.S. industry in total sales and delivered the largest year-over-year increase in market share of any OEM, thanks to strong demand for our products and improved supply chain conditions," Barra said in
her shareholder letter.
GM shares were up as much as 9% in early trading Tuesday."