General Motors (GM) Tops Q4 EPS by 4c, Offers FY Guidance

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Go back to General Motors (GM) Tops Q4 EPS by 4c, Offers FY Guidance

GM Reports Earnings and Provides 2020 Outlook

February 5, 2020 8:00 AM EST

DETROIT, Feb. 5, 2020 /PRNewswire/ -- General Motors Co. (NYSE: GM) today reported solid 2019 full-year earnings that were heavily impacted by a work stoppage in the third and fourth quarters. However, underlying performance remained strong, driven by sales of GM's all-new full-size pickups and the company's ongoing cost actions.

Full-year 2019 results:

EPS-diluted of $4.57 and EPS-diluted-adjusted of $4.82 EPS diluted-adjusted includes $(1.89) impact from the strike, and a $0.12 benefit from Lyft and PSA revaluationsFull-year income of $6.7 billion and EBIT-adjusted of $8.4 billion, which includes a $(3.6) billion... More