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General Motors' (GM) Q1 Earnings Beat Estimate, Down Y/Y

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General Motors Company (GM - Free Report) reported first-quarter 2018 adjusted earnings per share of $1.43, down 18.3% from that of prior-year quarter.  However, the bottom line comfortably beat the Zacks Consensus Estimate of $1.22.

Revenues

General Motors reported revenues of $36.1 billion, down 3.1% from the year ago quarter figure. However, revenues surpassed the Zacks Consensus Estimate of $34.1 billion.

Estimate Trend & Surprise History

Investors should note that the Zacks Consensus Estimate for first-quarter earnings for General Motors has decreased over the past month.

General Motors has delivered positive earnings surprises in the past few quarters. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of around 18.4%.

We have highlighted some of the key stats from this just-revealed announcement below:

Key Stats/Developments to Note

During the quarter, General Motors delivered 715,794 vehicles in the United  States,  up  4% ahead  of  an  estimated  industry  rise  of  about  2%.  Total crossover sales in the U.S.  rose 23% on a year over year basis.

Zacks Rank

Currently, General Motors has a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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