General Motors Stock Surges After Strong Q2 Results, Target Upgrades
General Motors Co. (NYSE: GM ) shares are extending their post-earnings rally on Wednesday as a wave of analyst price target increases piled on top of yesterday’s strong second-quarter results. General Motors shares are climbing with conviction. Why is GM stock surging? GM Beats Expectations With Strong Q2 Earnings and Expanding Margins General Motors delivered adjusted diluted earnings of $3.57 per share in the second quarter, clearing the $3.20 consensus by a meaningful margin, while revenue of $48.03 billion came in roughly $1 billion ahead of expectations. Adjusted EBIT climbed nearly 30% to $3.94 billion as the adjusted margin expanded to 8.2% from 6.4% a year earlier. The North American business was the engine behind the outperformance, with adjusted EBIT in the region surging 42.7% to $3.45 billion as demand for full-size pickups and SUVs remained robust and the company k...
General Motors Co. (NYSE: GM ) shares are extending their post-earnings rally on Wednesday as a wave of analyst price target increases piled on top of yesterday’s strong second-quarter results. General Motors shares are climbing with conviction. Why is GM stock surging?
03 billion came in roughly $1 billion ahead of expectations. 4% a year earlier. 45 billion as demand for full-size pickups and SUVs remained robust and the company kept incentives disciplined. CEO Mary Barra said the company is building everything it can sell in its most profitable segments and that GM held 43% of the full-size pickup market during the quarter.
5 billion. The next-generation Chevrolet Silverado and GMC Sierra pickups are set to begin arriving at dealerships in December, with management expressing confidence that improving business trends will support revenue, margins and cash flow into 2027 and beyond. 66 at the time of publication on Wednesday, according to Pro. Read Also: GM CEO Mary Barra Says China's Price War Isn't 'Sustainable,' Backs Company's Autonomous Driving Efforts Amid Nearly $11 Billion in EV Charges Image: Formatoriginal/Shutterstock