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GM's stock slumps after earnings beat, but revenue falls more than expected
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Net income rose to $2.16 billion, or $1.48 a share, from $1.05 billion, or 72 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS fell to $1.41 from $1.43, above the FactSet consensus of $1.11. Revenue declined 3.4% to $34.88 billion, missing the FactSet consensus of $35.22 billion, as automotive revenue fell 4.4% to $31.26 billion to miss expectations of $32.51 billion.
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https://www.marketwatch.com/story/gms-st...yptr=yahoo
![[Bild: GMc1dl1533.png]](https://finviz.com/publish/043019/GMc1dl1533.png)
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Net income rose to $2.16 billion, or $1.48 a share, from $1.05 billion, or 72 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS fell to $1.41 from $1.43, above the FactSet consensus of $1.11. Revenue declined 3.4% to $34.88 billion, missing the FactSet consensus of $35.22 billion, as automotive revenue fell 4.4% to $31.26 billion to miss expectations of $32.51 billion.
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https://www.marketwatch.com/story/gms-st...yptr=yahoo
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