General Motors (GM) earnings Q1 2023


General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.

Source: NYSE

DETROIT — General Motors on Tuesday raised key guidance for 2023 after reporting first-quarter results that topped Wall Street’s top- and bottom-line forecasts. Here’s how GM did, compared with what Wall Street expected based on average estimates compiled by Refinitiv:

  • Adjusted earnings per share: $2.21 vs. $1.73 expected
  • Revenue: $39.99 billion vs. $38.96 billion expected

For the full year, GM is raising its adjusted earnings expectations to a range of $11 billion to $13 billion, or $6.35 to $7.35 a share, up from a previous range of $10.5 billion to $12.5 billion, or between $6 and $7 a…

Source cnbc.com

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