General Motors' Strong Q3 Earnings Impress Analysts, Highlights Turnaround And EV Profitability Focus
GM(GM) Benzinga·2024-10-23 01:59
General Motors Company GM reported third-quarter adjusted earnings per share of $2.96, surpassing expectations, and sales of $48.757 billion, which was up 10.5%.The company’s adjusted EBIT rose 15.5% to $4.115 billion, with a cash balance of $23.7 billion at quarter-end.Analysts covering the auto behemoth provided their takes:Wedbush analyst Daniel Ives reiterated the Outperform rating on the stock, with a price forecast of $55.Goldman Sachs analyst Mark Delaney maintained the Buy rating on the stock, with ...