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Benzinga
  • 2 years ago
General Motors reported fourth-quarter adjusted earnings of $1.24, beating estimates of $1.16. Revenue was $42.9 billion vs $38.67 billion expected. For the full-year 2023, revenue was up 10% to $171.84 billion, while net income was $10.13 billion, and adjusted EBIT was $12.36 billion. GM guided for 2024 adjusted EPS of $8.50-$9.50 and adjusted EBIT of $12 to 14 billion, largely beating estimates. China sales continued struggling with a 34% decline in equity income for 2023, including a 54% Q4 drop.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 General Motors reported fourth quarter adjusted earnings of $1.24, beating estimates of $1.16.
00:08 Revenue was $42.9 billion versus $38.67 billion expected. For the full year,
00:15 2023 revenue was up 10% to $171.84 billion, while net income was $10.13 billion,
00:22 and adjusted EBIT was $12.36 billion. For all things money, visit Benzinga.com.
00:29 [MUSIC]
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