General Motors (GM) earnings Q2 2023


Mary Barra, CEO, GM at the NYSE, November 17, 2022.

Source: NYSE

DETROIT — General Motors is set to report its second-quarter earnings before the bell Tuesday.

The Detroit automaker is expected to report solid results, driven by favorable industry trends of high prices on new vehicles and increased sales and production.

Here’s what Wall Street is expecting, according to Refinitiv consensus estimates:

  • Adjusted earnings per share: $1.85
  • Revenue: $42.64 billion

Those results would mark sharp year-over-year increases of roughly 62% in adjusted EPS and 19% in revenue.

Some Wall Street analysts believe GM could raise its guidance for a second time this year on the back of stronger-than-expected…

Source cnbc.com

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