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GM says it expects 3Q earnings from $1.9B to $2.1B

GM says it expects 3Q earnings from $1.9B to $2.1B

General Motors Co. says it expects net income of $1.9 billion to $2.1 billion when it announces third-quarter results next week.
The earnings forecast was announced ahead of an expected filing with federal regulators giving details of the company's initial public stock offering.
For the first nine months of the year GM expects net income of $4 billion to $4.2 billion.
The Detroit automaker also says it expects revenue of around $34 billion.
GM's stakeholders, including the U.S. government, are expected to sell the stock around Nov. 18.


Updated : 2021-04-18 05:51 GMT+08:00