Daiwa Securities Downgrades General Motors (GM) to Underperform (Jan 10); Earnings Target 'Aggressive'
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General Motors (GM) Sees FY 2017 EPS of $6.00-$6.50, Vs Cons of $5.73; Adds $5B to Stock Buyback Plan
January 10, 2017 1:09 PM EST(Updated - January 10, 2017 1:13 PM EST)
General Motors (NYSE: GM) sees FY 2017 EPS of $6.00-$6.50, versus the consensus of $5.73. Announces an additional $5 billion buyback.
From the company:
Announces 2017 EPS diluted-adjusted outlook of $6.00-$6.50Expects to maintain or improve EBIT-adjusted and EBIT-adjusted marginAuthorizes additional $5 billion for share repurchasesIncreases cost efficiency target to $6.5 billion through 2018General Motors Co. (NYSE: GM) today said it expects its 2017 earnings per share (EPS) diluted-adjusted to increase to $6.00-$6.50, up from its 2016 calendar-year outlook of $5.50-$6.00. In 2017, the company... More
