Yahoo Finance What’s Next for General Motors after Its 2Q15 Earnings Beat?
What's Next for General Motors after Its 2Q15 Earnings Beat?
2Q15 earnings beat for General Motors
General Motors (GM) reported its 2Q15 earnings on July 23. The company reported an EPS (earnings per share) of $0.65 in the quarter, up substantially from $0.11 in 2Q14. It was a 2Q15 earnings beat for General Motors, whose results were better than average analyst expectations and received well on Wall Street.
General Motors’ share price went up ~4% after it released its 2Q15 earnings. However, 2015 hasn’t treated auto shares well. Companies like Ford (F) and General Motors (GM) have had a dismal year so far, as you can see in the above graph.
Series overview
In this series, we’ll take a detailed look at GM’s 2Q15 financial results. We’ll look at the various hits and misses in GM’s 2Q15 performance. Since GM is the second largest automaker in China, it’s exposed to the slowdown in China. In July, China’s car sales fell on a yearly basis for the first time in more than two years.
Currently, GM forms 0.9% of the First Trust Consumer Discretionary AlphaDEX ETF (FXD) and 1.76% of the Consumer Discretionary Select Sector SPDR ETF (XLY). Delphi Automotive (DLPH) forms ~1% of XLY.
About General Motors
General Motors (GM) is the second largest automaker globally. Toyota Motor Company (TM) is the largest. But GM is the market leader in North America. The company has the following five operating segments:
GM North America
GM South America
GM Europe
GM International
GM Financial
We’ll explore the financial performances of these business segments in detail in the coming parts of the series. But before that, we’ll take a look in the next part at GM’s consolidated 2Q15 financial results.
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