Wall Street expects GM to post $3.18 per share for Q2, up sharply from a year ago, as revenue holds near $47.09B.
General Motors is set to report second-quarter earnings of $3.18 per share, a 25.7% increase from the same period last year. The gain reflects stronger margins and steady vehicle demand, offsetting flat revenue at $47.09B.
Analysts had forecast earnings growth despite revenue holding roughly steady year-over-year. The automaker’s performance contrasts with broader industry supply-chain pressures and rising material costs.
Shares of GM have remained under pressure amid macroeconomic uncertainty, though the earnings beat could provide a near-term lift.