General Motors (GM) Tops Q1 EPS by 29c

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Go back to General Motors (GM) Tops Q1 EPS by 29c

GM Reports Income of $0.3B and EBIT-Adjusted of $1.2B

May 6, 2020 7:30 AM EDT

DETROIT, May 6, 2020 /PRNewswire/ -- General Motors Co. (NYSE: GM) today reported solid first-quarter earnings. The company's underlying business performance was strong, but results were heavily impacted by the COVID-19 pandemic.

First-quarter 2020 results:

EPS-diluted of $0.17 and EPS-diluted-adjusted of $0.62 EPS diluted-adjusted includes a $(0.28) impact from Lyft and PSA revaluationsIncome of $0.3 billion, and EBIT-adj. of $1.2 billion, which includes a $(1.4) billion COVID-19 impact Revenue of $32.7 billion GM North America EBIT-adjusted of $2.2 billion GM Financial EBT-adjusted of $0.2... More