General Motors (GM) Tops Q1 EPS by 25c
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April 21, 2016 9:31 AM EDT
Stifel affirms General Motors (NYSE: GM) at Hold following the automotive giant's Q1 report, which was issued earlier Thursday.
Analyst James ALbertine offered the following thoughts:
This was a much better performance than we anticipated, and GM shares... More
April 21, 2016 7:37 AM EDT
By Bernie Woodall and Joseph White
DETROIT (Reuters) - Demand for big trucks in North America and an improved performance in Europe propelled General Motors Co's quarterly results well past investors' expectations, and company executives on Thursday affirmed their bullish outlook for the year.
Shares of the automaker rose after it said first-quarter net income more than doubled to $2 billion, closing up 1.5 percent at $32.66.
Earlier the stock briefly topped the $33 price of the company's 2010 initial public offering, which followed a U.S. government-backed bankruptcy. The share price has not significantly surpassed that level in the past... More
