General Motors Shares Jump 6.1% Pre-Market After Guidance Raised

Date : 01/11/2019 @ 2:37PM
Source : Dow Jones News
Stock : General Motors Company (GM)
Quote : 37.0  -0.38 (-1.02%) @ 12:59AM
GM share price Chart

General Motors Shares Jump 6.1% Pre-Market After Guidance Raised

GM (NYSE:GM)
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Shares of General Motors Co. (GM) rose 6.1% to $36.85 in pre-market trade Friday after the company raised its outlook for 2018 and set guidance for 2019.

The automaker said its bottom line should grow in 2019 as it expects auto demand to remain resilient in its two biggest markets, China and the U.S.

GM said its 2018 pretax earnings per share, adjusted for one-time items, would exceed its previous estimate of $5.80 to $6.20, set last summer. The company reports fourth-quarter and full-year financial results Feb. 6.

 

Write to Mary de Wet at mary.dewet@wsj.com

 

(END) Dow Jones Newswires

January 11, 2019 09:22 ET (14:22 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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