General Motors (NYSE: GM) reported its fiscal Q2 2021 results on Wednesday, before the opening bell. GM said it had spent $1.3 billion in warranty recall costs, including $800 million related to the Chevrolet Bolt EV. The electric vehicle has been recalled twice in the past year due to fire risks.
GM beat WallStreet estimates on revenue but fell short on EPS.
- Adjusted EPS: $1.97 vs. $2.23 expected
- Revenue: $34.17 billion vs. $30.9 billion expected
The automaker on Wednesday raised its adjusted full-year guidance to between $11.5 billion and $13.5 billion, or $5.40 to $6.40 a share, up from $10 billion to $11 billion, or $4.50 to $5.25 a share.
https://risingcandle.com/marketnews/general-motors-announce-q2-results-beats-on-revenue/
Submitted August 04, 2021 at 08:34AM by lazywizard99 https://ift.tt/3fuUXVI
