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March 8, 2021
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GM EARNINGS
(2007-08-01)
(wgvu) - - GENERAL MOTORS SAW A BIG IMPROVEMENT IN ITS
SECOND QUARTER EARNINGS AFTER REPORTING A PROFIT OF 891 (M) MILLION
DOLLARS. THAT COMPARES WITH A LOSS OF $3.4 BILLION
DOLLARS A YEAR AGO.
THE LATEST GAIN ALSO MARKS THE THIRD STRAIGHT QUARTERLY PROFIT
FOR THE DETROIT AUTOMAKER. G-M CITES IMPROVING SALES, PARTICULARLY
IN GROWING MARKETS AROUND THE GLOBE.
BUT THE AUTOMAKER CONTINUED TO LOSE MONEY IN ITS HOME MARKET OF
NORTH AMERICA.
OVERALL, THE RESULTS TOPPED WALL STREET FORECASTS. ADJUSTED NET
INCOME, EXCLUDING ONE-TIME ITEMS, WAS $1.4 BILLION
DOLLARS OR TWO DOLLARS, 48 CENTS A SHARE. ANALYSTS WERE LOOKING FOR
$1.13.

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