"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time

"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time GM beat Wall Street's second-quarter expectations on Tuesday, posting adjusted earnings of $3.57 per share on $48.03 billion in revenue as profitability improved despite softer vehicle sales. Adjusted EBIT reached $3.94 billion, up from $3.0 billion a year earlier, helped by lower tariff-related costs and stronger operating performance, according to Yahoo Finance. The Detroit automaker also lifted its...

By Tyler Durden