General Motors (GM) Tops Q2 EPS by 7c; updates outlook

General Motors (NYSE: GM) reported Q2 EPS of $1.91, $0.07 better than the analyst estimate of $1.84. Revenue for the quarter came in at $44.75 billion versus the consensus estimate of $41.92 billion.

GM is also updating its full-year 2023 guidance for the second consecutive quarter:

U.S. GAAP net income attributable to stockholders of $9.3 billion-$10.7 billion, compared to the previous outlook of $8.4 billion-$9.9 billion

EBIT-adjusted of $12.0 billion-$14.0 billion, compared to the previous outlook of $11.0 billion-$13.0 billion

U.S. GAAP net automotive cash provided by operating activities of $18.0 billion-$21.0 billion, compared to the previous outlook of $16.5 billion-$20.5 billion

Adjusted automotive free cash flow of $7.0 billion-$9.0 billion, compared to the previous outlook of $5.5 billion-$7.5 billion

Capital expenditures of $11 billion-$12 billion, compared to the previous outlook of $11 billion-$13 billion

For earnings history and earnings-related data on General Motors (GM) click here.

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