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General Motors (GM) earnings Q3 2021

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On the Detroit headquarters of General Motors, Michigan’s March 16th, 2021, you can see the GM logo.

Rebecca Cook | Reuters

DETROIT – General MotorsEarnings for the third quarter announced before markets open Wednesday

This is what Wall Street can expect based upon average estimates of analysts compiled by Refinitiv.

  • Adjusted EPS:99 cents per share
  • Revenue$26.51 Billion

Analysts expected the third quarter to be more difficult than the first six months of this year for GM. Analysts however say they expect relatively solid results,Despite a worldwide shortage of semiconductor chips, which has led to a reduction in vehicle inventories as well as shuttered factories.

GM had warned its investors before that North American wholesale volume would decrease. down by about 200,000 units in the second half of 2021 compared with the first half, due to the parts problem.

Detroit’s automaker maintained its financial guidance, with adjusted earnings between $11.5 billion to $13.5 billion or $5.40 and $6.40 per share. It made about $6.2 Billion, which is $4.21 per Share, in the first six month of this year.

Paul Jacobson, GM’s CFO, said that the automaker expects to suffer a financial hit between $3.5 billion and $4.5 billion in August. second half of the year,Due to an increase in commodity prices of $1.5 billion-2 billion and lower earnings by its financial arm.

GM recorded a net profit (or $4 billion) and adjusted pretax gains of $5.3 trillion during the third quarter. This was after dealerships and factories were largely reopened following being closed during the second quarter due to the coronavirus epidemic.

GM’s shares will rise 37.5% by 2021

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