General Motors (GM) Misses Q1 EPS Views

General Motors (NYSE: GM) reported Q1 EPS of $0.86, $0.11 worse than the analyst estimate of $0.97. Revenue for the quarter came in at $35.7 billion versus the consensus estimate of $37.61 billion.

Earnings before interest and tax (EBIT) adjusted was $2.1 billion and included the impact of $0.1 billion in restructuring costs. This compares to the first quarter of 2014, when the company recorded EBIT-adjusted of $0.5 billion, which included recall-related pre-tax costs of $1.3 billion and $0.3 billion in restructuring costs.

Segment Results

• GM North America reported EBIT-adjusted of $2.2 billion. This compares with EBIT-adjusted of $0.6 billion in the first quarter of 2014, which included the impact of a $1.3 billion pre-tax charge for recall costs.
• GM Europe reported EBIT-adjusted of $(0.2) billion. This compares with EBIT-adjusted of $(0.3) billion in the first quarter of 2014, which included
  $0.2 billion for restructuring costs.
• GM International Operations reported EBIT-adjusted of $0.4 billion, compared with EBIT-adjusted of $0.3 billion in the first quarter of 2014.
• GM South America reported EBIT-adjusted of $(0.2) billion, approximately equal to the first quarter of 2014.
• GM Financial reported earnings before tax of $0.2 billion, matching its results for the first quarter of 2014.

For earnings history and earnings-related data on General Motors (GM) click here.

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