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Financial Forecasts

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business2 years ago

GM's Earnings and Future Prospects Remain Unclear to Investors.

General Motors reported better-than-expected earnings per share and raised its full-year financial forecasts due to the recovery in overall U.S. auto sales. However, the stock market reacted negatively, indicating that investors are confused about the current automotive cycle and uncertain about what to do. GM now expects an operating profit of between $11 billion and $13 billion, with earnings of between $6.35 and $7.35 a share.