"Wall Street's Expectations for General Motors' Earnings Report"

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Source: CNBC
"Wall Street's Expectations for General Motors' Earnings Report"
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TL;DR Summary

General Motors is expected to report a 10.3% decrease in revenue and a 45.3% decline in adjusted earnings per share for the fourth quarter. Wall Street anticipates a "flattish" forecast compared to last year's earnings, with attention on residual costs from the new labor contract and 2024 guidance. GM reinstated its 2023 guidance, including net income and adjusted earnings before interest and taxes. Investors are also interested in updates on GM's electric vehicles and its autonomous vehicle subsidiary, Cruise, which is under investigation following an October accident.

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