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Benzinga
  • 2 years ago
General Motors reported third quarter earnings that beat analyst expectations, with adjusted earnings per share of $2.28 versus an estimated $1.88 and revenue of $44.13 billion versus an estimated $43.68 billion. Ongoing strikes by the United Auto Workers Union, which have cost GM roughly $800 million in pre-tax earnings so far, caused GM to withdraw its full-year earnings guidance for 2023. Over 40,000 UAW members at the automakers remain on strike as contract negotiations continue.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 General Motors reported third quarter earnings that beat analysts' expectations with adjusted
00:07 earnings per share of $2.28 versus an estimated $1.88 and revenue of $44.13 billion versus
00:15 an estimated $43.68 billion.
00:19 Ongoing strikes by the United Auto Workers Union, which have cost GM roughly $800 million
00:23 in pre-tax earnings so far, caused GM to withdraw its full year's earnings guidance for 2023.
00:29 Over 40,000 UAW members at the automakers remain on strike as contract negotiations
00:35 continue.
00:36 For all things money, visit Benzinga.com.
00:38 [MUSIC]
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