00:00It's Benzinga, bringing Wall Street to Main Street.
00:02General Motors raised its full-year adjusted earnings forecast by $500 million
00:06after second quarter results beat Wall Street estimates, according to Bloomberg.
00:10The automaker reported adjusted earnings of $3.57 per share on revenue of $48.3 billion,
00:17above forecasts of $3.19 per share and $46.61 billion.
00:23GM now expects adjusted earnings before interest and taxes of $14 billion to $16 billion.
00:28The company lowered its net income forecast to between $9.9 billion and $11.4 billion
00:33after recording additional electric vehicle-related charges.
00:37GM's second quarter net income fell to about $1.3 billion from $1.9 billion a year earlier.
00:44U.S. sales declined 4.2%, while the company repurchased $2 billion in shares during the quarter.
00:50For all things money, visit Benzinga.com.
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