Replies to post #110284 on Savvy Trades and Investments

[researcher59]

GM +2.18 to 45.39 after a big earnings beat and raised guidance. Forward PE is a mere 4.8

briefing -

General Motors beats by $0.49, beats on revs; raises FY24 EPS and EBIT guidance (43.21 ) :
Reports Q1 (Mar) earnings of $2.62 per share, excluding non-recurring items, $0.49 better than the FactSet Consensus of $2.13; revenues rose 7.6% year/year to $43.01 bln vs the $41.09 bln FactSet Consensus.
Co issues raised guidance for FY24, sees EPS of 9.00-10.00 from $8.50-9.50, excluding non-recurring items, vs. $8.89 FactSet Consensus. Co also raised FY24 adjusted EBIT to $12.5 billion - $14.5 billion from $12.0 billion - $14.0 billion prior guidance.