“GM beats Wall Street’s third-quarter estimates, guides toward ‘high end’ of 2021 earnings forecast”
October 27, 2021
“…The third quarter was expected to be a rougher one than the first half of the year for GM. Analysts, however, said they projected relatively solid results, despite a global shortage of semiconductor chips that has depleted vehicle inventories and shuttered plants.
Here’s how GM performed, compared with analysts estimates as compiled by Refinitiv:
- Adjusted earnings: $1.52 a share vs. 96 cents a share estimate
- Revenue: $26.78 billion vs. $26.51 billion estimate
GM previously told investors it would earn between $11.5 billion and $13.5 billion on an adjusted basis, or $5.70 to $6.70 a share and between $8.1 billion and $9.6 billion on an unadjusted basis…”
https://www.cnbc.com/2021/10/27/general-motors-gm-earnings-q3-2021.html