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4 General Motors Analysts Confirm Strong EV Strategy: 'Capital Allocation Will Remain A Tailwind'

Benzinga ·  Apr 25 02:40

General Motors Co(NYSE:GM) exceeded earnings expectations as it reported first-quarter (Q1) earnings on Tuesday.

The company achieved a 7.6% year-on-year increase in quarterly sales, reaching $43.01 billion, surpassing the analyst consensus of $41.88 billion. Additionally, adjusted EPS stood at $2.62, outperforming the consensus estimate of $2.14.

Despite these gains, GM's market share dipped slightly to 8.1% overall, with decreases noted in both the U.S. and China compared to the previous year. The stock closed lower on Tuesday but has been trading in the green on Wednesday.

Here's what analysts have said about GM's first-quarter (Q1) earnings report:

  • Goldman...
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