Deutsche Bank's First Look at General Motors' (GM) Q2 Results
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GM Posts Strong Second Quarter Earnings Growth with Net Income of $1.1 Billion and EBIT-Adjusted of $2.9 Billion
July 23, 2015 8:27 AM EDTDETROIT, July 23, 2015 /PRNewswire/ --
EPS of $0.67; EPS adjusted for special items of $1.29 up 122 percent North America achieves quarterly records for EBIT-adjusted of $2.8 billion and EBIT-adjusted margin of 10.5 percent Company reaffirms 2015 outlook for improved EBIT-adjusted and EBIT-adjusted margin, compared to 2014General Motors Co. (NYSE: GM) today reported strong earnings growth for the second quarter with net income attributable to common stockholders of $1.1 billion, or $0.67 per diluted share, which included a $1.1Â billion loss from special items before tax, or $(0.62) per diluted share. Earnings before interest and... More
GM Financial Reports June Quarter 2015 Operating Results
July 23, 2015 8:03 AM EDTJune quarter net income of $186 million Consumer loan and lease originations of $9.9 billion Annualized net credit losses of 1.6% on average consumer finance receivables End of period earning assets of $48.0 billion
FORT WORTH, Texas--(BUSINESS WIRE)-- GENERAL MOTORS FINANCIAL COMPANY, INC. (GM Financial or the Company) announced net income of $186 million for the quarter ended June 30, 2015, compared to $175 million for the quarter ended June 30, 2014. Earnings for the six months ended June 30, 2015 were $336 million, compared to $320 million for the six months ended June 30, 2014.
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