General Motors Surpasses Q3 Earnings And Revenue Estimates

General Motors (NYSE: GM) came out with quarterly earnings of $2.96 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.28 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 18.88%. A quarter ago, it was expected that this an automotive manufacturer would post earnings of $2.67 per share when it actually produced earnings of $3.06, delivering a surprise of 14.61%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

General Motors, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $48.76 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 10.85%. This compares to year-ago revenues of $44.13 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

General Motors shares have added ...