Will General Motors Crush Earnings Again?
General Motors (NYSE: GM) will report its third-quarter earnings before the U.S. markets open on Wednesday, Oct. 27. What should we expect?
Wall Street analysts polled by Thomson Reuters expect GM to report adjusted income of $0.82 per share, on automotive revenue of $26.65 billion. That would be a decline from the third quarter of 2020, when strong truck sales (and some pent-up demand amid the COVID-19 pandemic) helped GM to adjusted income of $2.83 per share on automotive revenue of $35.5 billion.
For investors new to auto stocks, here's the jargon decoder: "Adjusted" figures exclude one-time charges and credits, which helps us compare results with GM's past results; "automotive revenue" excludes revenue from GM's financing subsidiary, which helps us compare with other automakers' results.
Source Fool.com
