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Old 10-31-2018, 08:28 AM   #1
FenwickHockey65
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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:
  • Strong EPS-diluted of $1.75 and record third-quarter EPS diluted-adjusted of $1.87
  • Revenue of $35.8 billion, up 6.4% from third-quarter 2017
  • GM North America EBIT-adjusted of $2.8 billion and margin of 10.2 percent
  • Record third-quarter equity income in China of $0.5 billion
  • GM Financial EBT of $0.5 billion, a third-quarter record

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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Old 10-31-2018, 08:42 PM   #2
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Doing significantly better than Ford.
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Old 10-31-2018, 09:44 PM   #3
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Originally Posted by FenwickHockey65 View Post
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:
  • Strong EPS-diluted of $1.75 and record third-quarter EPS diluted-adjusted of $1.87
  • Revenue of $35.8 billion, up 6.4% from third-quarter 2017
  • GM North America EBIT-adjusted of $2.8 billion and margin of 10.2 percent
  • Record third-quarter equity income in China of $0.5 billion
  • GM Financial EBT of $0.5 billion, a third-quarter record

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.
All that plus offering buyout separation to up to 18,000 salaried employees. Buy stock now. Wall Street loves strong quarterly earnings and Wall Street loves staff reductions. Getting both on the same day is bound to lift the share price.

https://www.freep.com/story/money/ca...rs/1831530002/

Guess I retired too soon. If Id 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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Old 10-31-2018, 10:09 PM   #4
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Originally Posted by ChefBorOzzy View Post
Doing significantly better than Ford.
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!!!!
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Old 10-31-2018, 10:34 PM   #5
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Quote:
Originally Posted by Martinjlm View Post
All that plus offering buyout separation to up to 18,000 salaried employees. Buy stock now. Wall Street loves strong quarterly earnings and Wall Street loves staff reductions. Getting both on the same day is bound to lift the share price.

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.
Ah, but you're forgetting something: GM is an automaker. Wall Street seemingly hates automakers. Exception is Tesla, but they're treated like a tech company because they trade on assumed potential not actual results.
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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!!!!
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Old 10-31-2018, 11:38 PM   #6
Martinjlm
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Ah, but you're forgetting something: GM is an automaker. Wall Street seemingly hates automakers. Exception is Tesla, but they're treated like a tech company because they trade on assumed potential not actual results.
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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Old 11-01-2018, 12:25 AM   #7
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Originally Posted by Martinjlm View Post
GM closed at 36.59. Up $3.05. Ill take 9% gain. Now, to your point, Id be shocked if it held that price for more than a week. So if you bought yesterday, sell tomorrow and bank the 9%.
That is a pretty good jump. In the past week they've gone up about 20%, but back in June they were up in the low $40 range.



I hope I never understand how investors rationalize things.
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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!!!!
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