General Motors (GM) Tops Q2 EPS by $1.25, Revenue Misses

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Go back to General Motors (GM) Tops Q2 EPS by $1.25, Revenue Misses

GM Second-Quarter Results Show Business Resiliency

July 29, 2020 7:30 AM EDT

DETROIT, July 29, 2020 /PRNewswire/ -- General Motors Co. (NYSE: GM) today reported solid second-quarter earnings, despite significant impacts to production and wholesales as a result of the COVID-19 pandemic. The results reflect actions GM has taken over the past few years to be more resilient.

Second-quarter 2020 results:

EPS-diluted of $(0.56), and EPS-diluted-adjusted of $(0.50) EPS-diluted-adjusted includes a $0.08 gain from PSA revaluations Income of $(0.8) billion, and EBIT-adjusted of $(0.5) billion Revenue of $16.8 billion Automotive liquidity of $30.6 billion Automotive operating cash flow of $(8.0) billion, and... More