Filed under: Company News, Investing, Earnings, Honda Motor Co, Ford Motor Co, Stock Picks, Toyota, General Motors, Investment
It was a surprise, in a good way: General Motors (GM) said Thursday that its second-quarter profits had nearly doubled, with revenues soaring on improved margins and strong sales around the world.
There were no gimmicks in these numbers. Plain and simple, these are solid results following on good execution. GM's profit of $2.5 billion, or $1.54 a share, was well ahead of the $1.20 a share expected by Wall Street analysts. Revenues were up 19% to $39.4 billion, an impressive result driven by --...
General Motors Posts Surprisingly Strong Profits originally appeared on DailyFinance.com on 2011-08-04T15:45:00Z.
