GM $33.6bn Q3 earnings surpass Wall Street analysts' expectations

Robyn Valdez
October 25, 2017

The company has market cap of $48.50 billion. The stock rose 2.37% or $1.07 reaching $46.22 per share.

The US auto industry has been coming off a strong run of sales that culminated in a record 17.55 million units in 2016. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. It has underperformed by 57.53% the S&P500.The move comes after 8 months negative chart setup for the $313.23 million company.

North American largest carmaker, General Motors, Tuesday performed above Wall Street analysts' expectations, with earnings of $33.6 billion, a pre-tax profit of 2.77 billion in the Q3, as against forecast earnings of $32.72 billion.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 24th. San Francisco Sentry Investment Group (Ca) holds 223 shares or 0% of its portfolio.

Trump Signals He will Allow Release of JFK Documents
The Washington Post reported that Trump had been urged by government agencies, including the CIA to keep the documents secret. Lee Harvey Oswald was arrested for the crime, but he was never prosecuted due to his murder by Jack Ruby two days later.

General Motors Company reports that a total of 2.32 million vehicles were sold during its third quarter of the year. Therefore 52% are positive. General Motors Company had 68 analyst reports since July 24, 2015 according to SRatingsIntel.

Traders are feeling more bearish of late as indicated by the motion in short interest. The firm earned "Overweight" rating on Tuesday, April 19 by JP Morgan. The rating was maintained by UBS with "Buy" on Wednesday, October 11. This will be available to holders of GM stock on December 21, 2017. The company was maintained on Friday, July 24 by RBC Capital Markets. The sale is expected to cost the company roughly $6.3 billion overall, including $5.4 billion in the third quarter. The firm has "Hold" rating given on Friday, July 14 by RBC Capital Markets.

Investors sentiment decreased to 1.02 in 2017 Q2. Its down 0.06, from 1.08 in 2017Q1. 71 funds opened positions while 297 raised stakes. Davenport And Lc reported 0% of its portfolio in Ford Motor Company (NYSE:F). Sumitomo Mitsui invested in 4.28M shares or 0.22% of the stock.

- GM and its Cruise Automation self-driving vehicle unit could partner with another company or GM could deploy the cars on its own, Barra said. Sterling Mgmt Limited Com holds 0.5% or 4.66 million shares in its portfolio. Mount Lucas Mngmt Ltd Partnership reported 286,106 shares. 98 were accumulated by Ironwood Fincl Ltd Liability. Flippin Bruce & Porter invested in 686,860 shares. Old Mutual Global Investors UK Ltd. boosted its stake in shares of General Motors Company by 47.6% in the second quarter. General Motors Company (NYSE:GM) has risen 7.92% since October 24, 2016 and is uptrending. Cambridge Invest Research Advsrs Inc owns 216,776 shares. Bluefin Trading Ltd owns 15,800 shares. D E Shaw & has invested 0.03% of its portfolio in President Energy PLC (LON:PPC). D E Shaw And Com reported 566,287 shares or 0.03% of all its holdings. Hollencrest Limited Liability Corporation holds 6,827 shares. Dimensional Fund Lp reported 895,721 shares. Commercial Bank invested 0% of its portfolio in CA, Inc. Dana Advsr holds 1.68% or 237,189 shares. Palo Capital Incorporated holds 0.48% or 24,666 shares. Peregrine Asset Advisers reported 11,597 shares. California State Teachers Retirement System owns 4.32 million shares or 1.39% of their U.S. portfolio.

Warmer, but potentially wetter weather predicted for upcoming New England winter
Jones said northern areas of the state might just be immune from La NiƱa , spelling good news for ski areas and skiers themselves. The normal amount of precipitation for December, the start of meteorological winter, is 8.2 inches, Mott said.

Since May 5, 2017, it had 0 buys, and 2 selling transactions for $834,543 activity. (NASDAQ:CA) to report earnings on October, 26.

They expect $1.07 EPS, down 60.75% or $0.65 from last year's $1.72 per share. During the same quarter in the previous year, the company earned $1.72 EPS.

More news for CA, Inc.

Brokerage analysts have issued ratings on GM of late.

Ford expands safety recall for 1.3M F-150, Super Duty trucks
In Security Exchange Commission filings , the Dearborn, Michigan-based automaker said the recall is expected to cost $267 million. The F-Series pickups are huge profit drivers for Ford and are usually the best-selling vehicles in the U.S. every year.

Other reports by Info About Network

Discuss This Article