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Categories AlphaGraphs, Earnings, Industrials
Auto giant General Motors (NYSE: GM) on Tuesday reported lower earnings for the second st quarter of 2022, despite a 5% increase in revenues.
infographic: highlights of general motors q2 2022 earnings report – alphastreet
Second-quarter revenues rose 5% annually to $35.7 billion. The company reported earnings of $1.14 per share, on an adjusted basis, down from last year’s profit of $1.97 per share. The market had predicted a bigger number for the latest quarter.
On a reported basis, it was a net profit of $1.70 billion or $1.14 per share, compared to $2.84 billion or $1.90 per share in the second quarter of fiscal 2021.
Check this space to read management/analysts’ comments on GM’s Q2 report
The value of GM’s stock nearly halved since the beginning of the year. The stock closed the last session lower and lost further soon after the earnings announcement on Tuesday.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Credit card giant Visa Inc. (NYSE: V) reported a sharp increase in net profit and revenues for the third quarter of 2022. The bottom line also exceeded Wall Street’s estimates.
Shopify Inc. (NYSE: SHOP) reported second quarter 2022 earnings results today. Total revenue grew 16% year-over-year to $1.3 billion. Net loss was $1.2 billion, or $0.95 per share, compared to
The Boeing Company (NYSE: BA) reported second quarter 2022 earnings results today. Total revenues dropped 2% year-over-year to $16.7 billion. Net earnings attributable to Boeing shareholders amounted to $193 million,
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