Why GM's Stock Tanked After Earnings
At first glance, General Motors' (NYSE: GM) second-quarter results seemed pretty good. While the global semiconductor shortage kept GM from shipping as many vehicles as it would have wanted, its profitability on the vehicles it did ship was excellent. But GM's stock fell sharply on the news, closing down almost 9%.
What happened? In this Motley Fool Live video, recorded on Aug. 5, Industry Focus host Nick Sciple and Motley Fool senior auto specialist John Rosevear dug into the numbers (and into Wall Street's expectations) to explain why auto investors didn't love GM's report, despite the good profit.
A transcript is below the video.
Source Fool.com
