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General Motors (GM) earnings Q1 2022

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A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity.

Jeff Kowalsky | AFP | Getty Images

DETROIT – Amid rising costs and supply chain instability, General Motors reaffirmed its earnings expectations for 2022 despite reporting a lower net profit and margin compared to a year ago.

Here’s how GM did compared with what Wall Street expected:

  • Adjusted EPS: $2.09 vs $1.68, according to Refinitiv consensus estimates
  • Revenue: $35.98 billion vs $37.01 billion, according to Refinitiv consensus estimates

GM reaffirmed its…



Source cnbc.com

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