3 Important Takeaways From GM's Strong Q1
All eyes and ears are on automakers' earnings calls to try and pick up any hints or details about how companies will try to mitigate tariffs. The Trump administration implemented tariffs that included a 25% levy on imported vehicles, and that extends to imported automotive parts in May -- although it does sound like there will be modifications to the tariffs.With that setting the stage, here were three important takeaways from General Motors' (NYSE: GM) impressive first quarter.Investors knew General Motors had a strong quarter after seeing its sales report, and its financial results didn't disappoint. General Motors reported $2.78 in earnings per share, easily topping analysts' estimates calling for $2.70. Revenue increased to $44.02 billion, also topping analysts' estimates calling for revenue of $42.85 billion. Continue reading
All eyes and ears are on automakers' earnings calls to try and pick up any hints or details about how companies will try to mitigate tariffs. The Trump administration implemented tariffs that included a 25% levy on imported vehicles, and that extends to imported automotive parts in May -- although it does sound like there will be modifications to the tariffs.
With that setting the stage, here were three important takeaways from General Motors' (NYSE: GM) impressive first quarter.
Investors knew General Motors had a strong quarter after seeing its sales report, and its financial results didn't disappoint. General Motors reported $2.78 in earnings per share, easily topping analysts' estimates calling for $2.70. Revenue increased to $44.02 billion, also topping analysts' estimates calling for revenue of $42.85 billion.
