General Motors Co (GM) Q4 2021 (USD): Adj. EPS 1.35 (exp. 1.19), Revenue 33.6bln (exp. 34.01bln).
- Expects FY22 net income 9.4-10.8bln.
- FY22 EBIT adj. 13-15.0bln.
- FY EPS view between 6.25-7.25 (exp. 6.87).
- Expect to double revenue to 275-315bln by 2030.
COMMENTARY
- With an improving outlook for semi's in US and China, expect 2022 results will remain strong.
- Experienced higher than expected inflationary pressures and increased costs due to Omicron and a tight labour market.
- Strong demand is driving acceleration of EV manufacturing.
Via PR Newswire
01 Feb 2022 - 21:07- Equities- Source: PR Newswire
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