General Motors reports strong first
Time:2024-05-21 16:47:32 Source:travelViews(143)
DETROIT (AP) — Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
The automaker said that while its average sales price per vehicle was down slightly from last year at just under $50,000, pickup sales remained strong, and it’s not seeing the price erosion across its lineup that other companies have experienced.
GM on Tuesday said it made $2.97 billion from January through March, with revenue increasing 7.6% over the same period a year ago to just over $43 billion. That topped the $41.15 billion that analysts polled by FactSet were calling for.
Excluding one-time items the company made $2.62 per share, easily beating Wall Street estimates of $2.13 per share.
Dan Ives of Wedbush said in a note to clients that GM delivered a solid performance as it concentrates on profitability and managing expenses.
Previous:Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
Next:Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
You may also like
- Russian theater director and playwright go on trial over a play authorities say justifies terrorism
- Labour concedes it could have done more to deal with disruptive state housing tenants
- I'm a gardening expert
- How 'hands
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- Rihanna shows off her wild side in a low
- Inside Harry Kane's family life with devoted wife Katie Goodland after the couple's car crash scare
- Rustle these up with Rosemary: Sun
- Yu Darvish extends scoreless innings streak to 25 in Padres' 9