GM earnings beat lifts shares but U.S. strike weighs on outlook

Tuesday, 29 October 2019
General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in profits this year.

👓 View full article

0 shares	Share Tweet Save Post Send

Credit: Reuters Studio - Published on October 29, 2019< > Embed

News video: Strike costs GM $3 bn in profit

Strike costs GM $3 bn in profit 00:50

The 40-day labor strike cost GM around $3 billion in profit this year, pushing the automaker to slash its earnings forecast. But as Fred Katayama reports, shares rose on its sales gain in the U.S..

Recent related videos from verified sources

Why Jim Cramer Says No One Cares About Salesforce Earnings

Let's talk about Salesforce . The software giant reports its October quarter earnings on Tuesday after the close, and analysts polled by FactSet are expecting earnings of 66 cents per share on $4.45..

Credit: The Street Duration: 01:40Published 1 week ago

Here's John Deere's Silver Lining For Earnings

Deere shares were falling on an unexpected estimate that sales and earnings in 2020 would contract. But the company is creating an earnings safety net for the rough times. The stock fell as much as..

Credit: The Street Duration: 01:12Published 2 weeks ago