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BUZZ-General Motors rises after Q4 results

ReutersJan 28, 2025 11:52 AM

** General Motors GM.N shares rise ~1% to $55.45

** Co. expects its 2025 adjusted earnings to be in a range of $11/shr to $12/shr, above analysts' estimates of $10.85/ shr, according to data compiled by LSEG

** The automaker is projecting net income of $11.2 billion to $12.5 billion this year, topping analysts' expectations of $10.8 billion

** For FY24, its adj. EPS of $10.60/shr surpassed expectations of $10.39/shr, its yearly revenue of $187 bln beat estimates of $183 bln

** The carmaker sold 2.7 mln vehicles in 2024, up 4% from 2023

** It reported Q4 adj. EPS of $1.92/shr, beating expectations of $1.89/shr

** 16 of 29 brokerages rate the stock "buy" or higher, 10 "hold" and 3 "sell"; their median PT is $60

** GM has risen 3.1% YTD, after rising 48.3% in 2024

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