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"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time
['Tyler Durden']
ZeroHedge News
GM beat Wall Street's second-quarter expectations on Tuesday, posting adjusted earnings of $3.57 per share on $48.03 billion in revenue as profitability improved despite softer vehicle sales.
Adjusted EBIT reached $3.94 billion, up from $3.0 billion a year earlier, helped by lower tariff-related costs and stronger operating performance, according to Yahoo Finance.
The stronger earnings came even as U.S. deliveries slipped 4.2% to about 715,000 vehicles during the quarter.
Sales of the Chevrolet Equinox EV, Blazer EV, and GMC Hummer EV all fell sharply, although GM retained the No.
The GMC Sierra posted a record second quarter, while the Chevrolet Traverse and Trailblazer also delivered strong sales gains.