GM Posts Strong Second Quarter Earnings Growth with Net Income of $1.1 Billion and EBIT-Adjusted of $2.9 Billion
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Go back to GM Posts Strong Second Quarter Earnings Growth with Net Income of $1.1 Billion and EBIT-Adjusted of $2.9 Billion
July 24, 2015 7:15 AM EDT
Credit Suisse upgraded General Motors (NYSE: GM) from Underperform to Neutral with a price target of $33.00 following significantly better-than-expected results in NA and Europe.
The firm is increasing FY2015 / 2016 EPS estimates to $4.50 / $4.70 from $4.35 / $4.65.
Analyst Dan Galves notes meaningful evidence of self-help and solid... More
July 23, 2015 9:46 AM EDT
Stifel is out with commentary on General Motors (NYSE: GM) following the auto giant's Q2 report earlier Thursday.
Analyst James Albertine noted that GMNA sales and margin outperformed in the quarter, but adjustments and global volatility are keeping the analyst at Hold on the... More
July 23, 2015 9:43 AM EDT
Deutsche Bank analyst Rod Lache commented on General Motors (NYSE: GM) following the release of the company's Q2 results. Shares traded higher by 6% heading into the call.
Lache said, "Upside came from NA ($2.8bn earnings and 10.5% margin vs. DBe of $2.6bn; strong margin was achieved despite an unusual $0.3bn impact from liquidation of rental vehicles), EU (breakeven vs. DBe of negative $0.2bn), and SA ($0.1bn loss vs. DBe of $0.2bn loss). Importantly, China was in-line with our est for the qtr ($0.5bn equity income for the qtr, and somewhat surprisingly margins... More
