GM Reports Strong Q4, Increases FY25 EPS Guidance
GM Reports Strong Q4, Increases FY25 EPS Guidance

GM Reports Strong Q4, Increases FY25 EPS Guidance

News summary

General Motors (GM) reported strong financial results for the fourth quarter of the previous year, with earnings per share at $1.92, exceeding analysts' expectations. The company's revenue rose to $47.7 billion, marking an 11% increase year-over-year, driven by improvements in its electric vehicle (EV) segment and operations in China. CEO Mary Barra noted that GM doubled its EV market share and achieved positive profitability in the EV portfolio during the quarter. Looking ahead, GM provided optimistic guidance for 2025, forecasting adjusted earnings per share between $11.00 and $12.00, exceeding consensus estimates. This forecast assumes a stable policy environment and includes anticipated benefits from reduced expenses in its Cruise autonomous driving unit. Despite the encouraging results, GM faces challenges from potential regulatory impacts and market conditions that could affect its operations in the coming years.

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