General Motors (GM) Tops Q2 EPS by 21c

General Motors (NYSE: GM) reported Q2 EPS of $1.29, $0.21 better than the analyst estimate of $1.08. Revenue for the quarter came in at $38.2 billion versus the consensus estimate of $40.62 billion.

Company reaffirms 2015 outlook for improved EBIT-adjusted and EBIT-adjusted margin, compared to 2014.

"The first two quarters of the year were strong as we fully capitalized on a robust North American industry and maintained our strength in China, despite the challenging conditions in that market," said GM CEO Mary Barra. "We said our goal was to improve our earnings and margins this year, and we are on-plan. Consistent with that, we believe our results in the second half of the year will be even better than the first half, and we’re confident we will meet our 2016 targets."

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