00:00It's Benzinga bringing Wall Street to Main Street.
00:02General Motors shares extended their post-earnings rally Wednesday
00:06after several analysts raised their price targets following strong second quarter results,
00:11according to Benzinga. The automaker reported adjusted earnings of $3.57 per share
00:16on revenue of $48.03 billion, topping expectations of $3.20 per share and roughly $47 billion.
00:24Adjusted EBIT rose nearly 30% to $3.94 billion as North American earnings climbed
00:2942.7% on strong pickup and SUV demand. GM raised its full-year adjusted earnings outlook to $12
00:36to $14 per share and lifted adjusted EBIT guidance to $14 billion to $16 billion.
00:43JP Morgan, TD Cowan, Barclays, Goldman Sachs, RBC Capital, and Morgan Stanley raised their price
00:49targets. Shares rose 2.69% to $8,166 at the time of publication on Wednesday, according to Benzinga
00:56Pro. For all things money, visit Benzinga.com.
01:00Bye.
01:00Bye.
