This week was a rollercoaster ride for the auto markets, with General Motors posting its earnings, while Tesla Inc. shares enjoyed a surge following a successful Q4 earnings report.
Here’s a quick recap of the top stories.
GM Q4 Earnings Beat Estimates
General Motors reported fourth-quarter adjusted EPS of $2.51, up 30.4% year over year, surpassing the analyst estimate of $2.20. Quarterly revenue came in at $45.287 billion, slightly below the Street’s $45.804 billion forecast. GM’s Board also approved a 3-cent increase to the quarterly dividend, raising it to 18 cents per share, and authorized a new $6 billion share repurchase program.
Tesla’s Q4 Earnings Report Boosts Stock
Shares of Tesla Inc. climbed in Wednesday’s …