General Motors (GM) Tops Q3 EPS by $1.45

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Go back to General Motors (GM) Tops Q3 EPS by $1.45

GM Delivers Income of $4.0 Billion and EBIT-adj. of $5.3 Billion

November 5, 2020 7:30 AM EST

DETROIT, Nov. 5, 2020 /PRNewswire/ -- General Motors Co. (NYSE: GM) today reported third-quarter earnings driven by its agility, and strong and growing franchises. Despite the COVID-19 pandemic, the company continued to invest in its electric vehicle and autonomous vehicle growth initiatives, launched an all-new portfolio of full-size Chevrolet, GMC and Cadillac sport utility vehicles, and maintained leading U.S. full-size pickup truck and large SUV market share.

Third-quarter 2020 results:

EPS-diluted of $2.78, and EPS-diluted-adjusted of $2.83 EPS-diluted-adjusted includes a $0.05 gain from Groupe PSA revaluations Income of $4.0 billion, and... More