Investing.com - General Motors (NYSE:GM) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.64 on revenue of $36.06B. Analysts polled by Investing.com anticipated EPS of $1.43 on revenue of $35.98B. That compared to EPS of $1.81 on revenue of $36.76B in the same period a year earlier. The company had reported EPS of $1.41 on revenue of $34.88B in the previous quarter.
General Motors shares gained 3.10% to trade at $41.59 in pre-market trade following the report.
General Motors shares gained 3.10% to trade at $41.59 in pre-market trade following the report.
For the year, General Motors shares are up 20.6%, broadly in line with the S&P 500 which is up 20.32% year to date.
General Motors follows other major Consumer Cyclical sector earnings this month
On Thursday, July 25, 2019, Volkswagen Pref ADR reported second quarter EPS of $0.88 on revenue of $72.74B, compared to forecasts of EPS of $0.86 on revenue of $69.95B.
Sony ADR earnings beat analyst's expectations on Tuesday, with first quarter EPS of $1.12 on revenue of $17.74B. Investing.com analysts expected EPS of $0.83 on revenue of $17.7B
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