General Motors Co on Wednesday forecast flat profits for 2020 and reported a bet...
FILE PHOTO: The GM logo is seen in Warren, Michigan, U.S. on October 26, 2015. REUTERS/Rebecca Cook/File PhotoGM said it expects earnings per share for 2020 in a range from $5.75 to $6.25, excluding one time items, taxes and interest. Analysts are expecting GM to earn $6.23 this year on a comparable basis, according to IBES data from Refinitiv.
“Good enough,” J.P. Morgan analyst Ryan Brinkman wrote about GM’s 2020 guidance in a note Wednesday morning. The company said pre-tax profits were 5 cents a share for the latest quarter excluding certain restructuring costs, down from $1.43 a year earlier. Analysts had forecast pre-tax income of a penny a share for the latest quarter.
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