Current location:Global Grooves news portal > politics
General Motors reports strong first
Global Grooves news portal2024-04-24 12:34:43【politics】6People have gathered around
IntroductionDETROIT (AP) — Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income r
DETROIT (AP) — Despite a small dip in U.S. vehicle sales, General Motors’ first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles.
The automaker said that while its average sales price per vehicle was down slightly from last year at just under $50,000, pickup sales remained strong, and it’s not seeing the price erosion across its lineup that other companies have experienced.
GM on Tuesday said it made $2.97 billion from January through March, with revenue increasing 7.6% over the same period a year ago to just over $43 billion. That topped the $41.15 billion that analysts polled by FactSet were calling for.
Excluding one-time items the company made $2.62 per share, easily beating Wall Street estimates of $2.13 per share.
Dan Ives of Wedbush said in a note to clients that GM delivered a solid performance as it concentrates on profitability and managing expenses.
Address of this article:http://www.chongwenmenhotelbeijing.com/news/3052.html
Very good!(8)
Related articles
- Tensions simmer near a shoal both China and the Philippines claim — Radio Free Asia
- No sanctions on China over Hong Kong: PM
- Serious Fraud Office's appeal against NZ First Foundation acquittal dismissed
- Event: Asia’s budding filmmakers prepare for Shorties Film Festival 2020
- Tensions simmer near a shoal both China and the Philippines claim — Radio Free Asia
- Shohei Ohtani's former interpreter is negotiating guilty plea with federal investigators: NY Times
- Person in hospital after Dunedin house fire
- Donald Trump disqualified from Maine ballot in US presidential primary
- Spain reopens a probe into a Pegasus spyware case after a French request to work together
- Laura Kuenssberg: West facing 'authoritarian' alliance, says NATO chief
Popular articles
Recommended
PepsiCo beats Q1 revenue forecasts as price increases moderate
Hong Kong protest: Government uses social distancing to block demonstrators
PM Christopher Luxon sets the scene for his MPs: 'Let's go get this thing done'
Muhammad Ali's 'Thrilla in Manila' trunks expected to sell for $10m
Police find body of missing Maine man believed killed after a search that took nearly a year
Hong Kong protest: police arrest pro
Serious Fraud Office's appeal against NZ First Foundation acquittal dismissed
Hong Kong anthem bill passed amid protest
Links
- Croatia election: A showdown between president and prime minister
- Indonesia's Mount Ruang erupts and shuts an airport as residents leave homes
- Alison Hammond's hunky new boyfriend 'quit Russia to avoid call
- Sweeping gun legislation approved in Maine after mass shooting
- Dutch King Willem
- Louisiana bills seeking to place restrictions on where people can carry guns receive pushback
- Strong quake in southwestern Japan leaves 9 with minor injuries, but no tsunami
- Tunisian journalist sentenced to 6 months in prison for insulting an official
- Having a stressful job could stave off dementia, according to new analysis
- OJ Simpson's remains are cremated in Las Vegas as his lawyer reveals ex