Company news: General Motors (GM) quarterly results beat analysts’ forecasts

General Motors (GM) reported Q4 FY2023 earnings of $1.24 per share (versus $2.12 per share in Q4 FY2022), beating analysts’ consensus estimate of $1.16 per share.

The company’s quarterly revenues amounted to $42.980 bln (-0.3% y/y), strongly beating analysts’ consensus estimate of $38.809 bln.

The company also issued upside EPS guidance for FY2024 of $8.50-$9.50 versus analysts’ consensus estimate of $7.75.

GM rose to $37.59 (+6.22%) in pre-market trading.