UPS stock sinks after the shipping giant posts earnings that missed estimates, while GM stock surges after the auto maker boosts its outlook. Tesla and Alphabet are scheduled to report earnings after the closing bell Tuesday. Read More...
General Motor’s Q2 Earnings: Revenue Beat, Hikes Annual Outlook But Faces Challenges In EVs And China
On Tuesday, General Motors Company (NYSE: GM) reported a fiscal second-quarter 2024 sales growth of 7.2% year-on-year to $47.97 billion, beating the analyst consensus estimate of $45.30 billion. The adjusted EPS of $3.06 beat the analyst consensus estimate of $2.72. General Motors’ market share reached 8.4% for the quarter, compared to 9.1% a year ago. In the U.S., the share changed to 16.6%, up from 16.4%. Its share in China reached 6.4%, down from 8.6% a year earlier. Adjusted EBIT for the qua
Benzinga•
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