UPDATE: General Motors (GM) Tops Q1 EPS by 23c
(Updated - April 24, 2014 7:42 AM EDT)
General Motors (NYSE: GM) reported Q1 EPS of $0.29, $0.23 better than the analyst estimate of $0.06. Revenue for the quarter came in at $37.4 million versus the consensus estimate of $38.43 million.
GM Results Overview (in billions except for per share amounts)
Q1 2014 | Q1 2013 | |
Revenue | $37.4 | $36.9 |
Net income attributable to common stockholders | $0.1 | $0.9 |
Earnings per share (EPS) diluted | $0.06 | $0.58 |
Impact of special items on EPS diluted | $(0.23) | $(0.09) |
EBIT-adjusted | $0.5 | $1.8 |
Automotive net cash flow from operating activities | $2.0 | $0.5 |
Adjusted automotive free cash flow | $0.2 | $(1.3) |
Segment Results
- GM North America reported EBIT-adjusted of $0.6 billion which included the impact of a $1.3 billion pre-tax charge for recall costs in the quarter. This compared with EBIT-adjusted of $1.4 billion in the first quarter of 2013.
- GM Europe reported EBIT-adjusted of $(0.3) billion, which includes
$0.2 billion for restructuring costs. This compares with EBIT-adjusted of $(0.2) billion in the first quarter of 2013. - GM International Operations reported EBIT-adjusted of $0.3 billion, compared with EBIT-adjusted of $0.5 billion in the first quarter of 2013.
- GM South America reported EBIT-adjusted of $(0.2) billion, compared with EBIT-adjusted of $0.0 billion in the first quarter of 2013.
- GM Financial earnings before tax was $0.2 billion for the quarter, compared with $0.2 billion in the first quarter of 2013.
For earnings history and earnings-related data on General Motors (GM) click here.