News Column

GM Falls Short Of Wall Street Estimates

February 6, 2014

MarketNewsVideo.com

This morning, General Motors (GM) reported fourth quarter earnings of $913 million, or 57 cents per share, as revenue climbed to $40.5 billion. Excluding one-time items, the automaker would have earned 67 cents per share in the quarter, falling well short of Wall Street estimates. The company said that many analysts did not fully comprehend the impact of the European restructuring and how it would effect earnings in the quarter -- leading many to overestimate. Shares of GM were lower on Thursday, falling 1.8% so far. The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201402Earn1020614&mv=1 .


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Source: MarketNewsVideo.com


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