General Motors Stock News

Vehicles were scarce due to a global shortage of computer chips, but that drove prices up and helped General Motors increase its net income 56% last year

Alphabet Explodes 7% Higher After Beating Estimates Across The Board, 20-For-One Stock Split Heading into today''s post-market earnings juggernaut, which includes EA, SBUX, PYPL, GM, and others, the one company investors were most focused on was Google, pardon Alphabet, the third largest US company by market cap As Bloomberg writes in its preview, investors will be laser focused on progress in Alphabet’s Google Cloud segment. The internet company’s cloud-computing unit is the No. 3 player in the U.S., behind Amazon Web Services and Microsoft’s Azure. But the far bigger question is whether Alphabet would continue the trend of earnings beats set last week with Microsoft and ahead of the coming earnings from Amazon and Facebook. The answer, at least judging by the stock''s kneejerk reaction which is 3.5% higher, was a solid yes. Here are the results: EPS $30.69 vs. $22.30 y/y, beating estimates of $27.35 Revenue $75.33 billion, +32% y/y, beating the estimate of $71.89 billion Revenue ex-TAC $61.

DETROIT (Reuters) General Motors Co on Tuesday said it expected a 2022 operating profit of $13 billion to $15 billion, citing an improving outlook for semiconductor chips used in its vehicles.

General Motors press release (GM): Q4 Non-GAAP EPS of $1.35 beats by $0.20.Revenue of $33.58B (-10.5% Y/Y) misses by $660M.Shares -2%.The company expects FY2022 net income to be in

GM reported an adjusted pretax profit of $3.7 billion in the fourth quarter of 2020. Revenue was $37.5 billion during that quarter.

Photo by Amelia Holowaty Krales / The Verge Ford will spend as much as $20 billion to reorganize its business for the electric future, according to Bloomberg . The automaker is also mulling whether to spin off some of its EV business as a special acquisition company (SPAC) in order to attract more investment. Ford has previously stated that it would spend $30 billion on electric and autonomous vehicle development by 2025 . Ford is reportedly putting former Apple and Tesla executive Doug Field in charge of the reorganization, which will include converting its factories from gas-powered to electric vehicle production and hiring more engineers. (General Motors, which is reporting its fourth-quarter earnings Tuesday evening, recently announced an initiative to hire 8,000 people to help… Continue reading…

Cruise is opening up its driverless robotaxi service to the public in San Francisco as the GM subsidiary creeps towards commercialization with a fresh $1.35 billion investment from Softbank Bank Vision Fund. Softbank had previously committed to investing an additional $1.35 billion, on top of its initial $900 million investment, once Cruise was ready for […]

Workers at a GM plant in northern Mexico are voting on whether to form one of the first truly independent auto labor unions in Mexican history

GM is expected to report a relatively positive fourth-quarter profit after the markets close Tuesday, capping off an unprecedented year of supply chain issues.

Futures Reverse Gains As Nail-biting Volatility Enters February World stocks began the new month on firmer ground, after a volatile January, as reassuring comments from Federal Reserve officials helped to calm rate-hike jitters even though US futures failed to extend recent gains. After closing out January with a furious two-day, dip-buying meltup thanks to a flood of inbound month-end rebalancing, US index futures briefly traded through Mondays highs, backed by decent rally in European equities where financials outperformed, boosted by solid UBS earnings, before dipping lower as the volatility seen in past days lingered. At 7:00am ET, emini S&P futures traded 0.23%, or 10.5 points lower, Nasdaq futures were also red, some 31 points or 0.15% lower, and Dow futures dropped 0.2% as investors weighed cautious rate-hike commentary from Fed officials and awaited earnings from firms including Alphabet and General Motors. Treasuries climbed and the dollar weakened. Oil fell, but held close to seven-year highs.

Investors will hear from Alphabet on Tuesday, along with General Motors, Exxon and Starbucks, while the ISM manufacturing index will also be in focus.

GM reports due Tuesday, but what is its outlook for overall output and EVs as the chip crisis slowly eases? GM stock rose.

General Motors (NYSE:GM) is scheduled to announce Q4 earnings results on Tuesday, February 1st, before market open.The consensus EPS Estimate is $1.15 (-40.4% Y/Y) and the consensus…

The major US indices are open up with mixed results. The Dow and S&P are lower while the NASDAQ index is trading higher. The Russell 2000 which fell over 20% from its high last week is currently down as well.This week, there will be a number of key earnings releases. AMD, Paypal, Alphabet, GM, Starb

Key Events This Week: ECB, BOE, Payrolls, Euro CPI And Earnings Galore It''s a relatively busy week with several key central bank announcements, notably from the ECB and BOE, as well as European CPI updates and the US payrolls report on Friday. Starting with the ECB, Deutsche Bank economists now expect a policy rate liftoff in December 2022 of 25bps, a view apparently shared by the market this morning. Theyre also anticipating a faster pace of tightening, with 25bp hikes in the deposit rate per quarter from December 2022, until rates reach +0.5% in September 2023. In terms of what it means for this February meeting, they write in their preview that they expect the slow, step-by-step pivot to exit will continue. Their view is that President Lagarde will reiterate the ECBs capacity to act once the inflation criteria in the rates guidance are met, whilst at the same time differentiating the needs of the Euro Area from the US. The other central bank decision that day is from the Bank of England, where expectations are for the BoE to follow up their December rate hike with another 25bps increase, taking the Bank Rate to 0.5%.