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General Motors Co. (NYSE: GM) on April 23rd reported better-than-expected financial results, with a rise in both revenue and EPS from the previous quarter. The company reported net income attributable to stockholders of $3.0 billion.
GM is outperforming rivals like Tesla, but will that continue?
The Zacks Consensus Estimate for General Motors' (GM) first-quarter earnings and revenues is pegged at $2.06 per share and $40.61 billion, respectively.
Electric vehicle (EV) demand is likely to remain downtrodden as traditional carmakers enjoy a strong first quarter, Bank of America analysts have said. “We expect traditional original equipment manufacturers to deliver another solid quarter while pure-play EV manufacturers are more challenged by soft demand,” a note read.
The electric vehicle sector continues to face a litany of issues. Demand dynamics are not what they once were and EV stocks have cratered — along with lithium prices — as a result.
It's true that even the most successful large banks and billionaire investors make mistakes. Many of them, for example, have piled large amounts of their money into Apple (NASDAQ: AAPL ), whose shares dropped 12% so far in 2024.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
'Mad Money' host Jim Cramer takes a look at the day's market action, rising oil prices and more.
General Motors (GM) shares slipped 1.1% Tuesday as the automaker reported first-quarter U.S. sales declined 1.5% from a year ago on lower fleet deliveries and a drop in electric vehicle (EV) demand.
Toyota and Honda notched big US sales gains to start the year and General Motors grew retail deliveries as demand for lower-priced models help automakers defy expectations for a broad slowdown. Gabrielle Coppola has more.