25-07-2018 13:29 via feedproxy.google.com

GM slashes its 2018 earnings forecast (GM)

General Motors reported mixed quarterly results and slashed its 2018 earnings outlook on Wednesday, sending shares down more than 5% shaead of the opening bell.
The automaker earned an adjusted $1.81 a share on net revenue of $36.8 billion. Wall Street analysts surveyed by Bloomberg were anticipating adjusted earnings of $1.77 a share on revenue of $36.8 billion. 
Deliveries in the US rose 4.6% year-over-year to 758,000. That was better than the industry average of up 2.2%, the earnings re
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