10-31-2018, 07:28 AM | #1 |
General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
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Posts: 37,371
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GM Reports Q3 2018 $2.5 Billion Profit
GM Reports Income of $2.5 Billion and EBIT-adjusted of $3.2 Billion
General Motors October 31, 2018 DETROIT — General Motors Co. (NYSE: GM) today announced third-quarter 2018 earnings results reflecting profitability in all core operating segments. Strong results in North America were driven by all-new full-size trucks, and crossovers. GM China equity income and GM Financial EBT were third-quarter records. Third-quarter 2018 results:
For complete details and to see reconciliations of non-GAAP measures to their most directly comparable GAAP measures, click here to download the full press release, or visit the GM Investor Relations website.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
10-31-2018, 07:42 PM | #2 |
Drives: 2016 F150 Join Date: May 2014
Location: Iowa
Posts: 2,196
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Doing significantly better than Ford.
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10-31-2018, 08:44 PM | #3 | |
Retired from GM
Drives: 2017 Camaro Fifty SS Convertible Join Date: Mar 2017
Location: Detroit
Posts: 5,234
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Quote:
https://www.freep.com/story/money/ca...rs/1831530002/ Guess I retired too soon. If I’d known this was coming I could have stayed in an extra year and a half and gotten incentive money to do what I was already gonna do.
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2017 CAMARO FIFTY SS CONVERTIBLE
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10-31-2018, 09:09 PM | #4 |
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Yeah, despite approximately the same revenue ($35.8B for GM; $34.6 at Ford), GM made an extra 2.1 billion in earnings before interest & tax.
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__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
10-31-2018, 09:34 PM | #5 | |
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Quote:
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Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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10-31-2018, 10:38 PM | #6 |
Retired from GM
Drives: 2017 Camaro Fifty SS Convertible Join Date: Mar 2017
Location: Detroit
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GM closed at 36.59. Up $3.05. I’ll take 9% gain. Now, to your point, I’d be shocked if it held that price for more than a week. So if you bought yesterday, sell tomorrow and bank the 9%.
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2017 CAMARO FIFTY SS CONVERTIBLE
A8 | MRC | NPP | Nav | HUD | GM Performance CAI | Tony Mamo LT1 V2 Ported TB | Kooks 1-7/8” LT Headers | FlexFuel Tune | Thinkware Q800 Pro front and rear dash cam | Charcoal Tint for Taillights and 3rd Brakelight | Orange and Carbon Fiber Bowties | 1LE Wheels in Gunmetal Gray | Carbon Fiber Interior Overlays | Novistretch bra and mirror covers | Tow hitch for bicycle rack | |
10-31-2018, 11:25 PM | #7 | |
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Quote:
I hope I never understand how investors rationalize things.
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Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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