General Motors Company (NYSE: GM) traded higher into Wednesay’s open after the company turned in better-than-expected financial results and raised its 2023 outlook.
U.S. stocks traded higher, with the Nasdaq Composite gaining over 100 points on Tuesday. Here are some big stocks recording lgainsosses in today’s session.
Earnings season is in full swing, with 35% of companies in the S&P 500 reporting this week.
Company performance through the fourth quarter of 2022 will lend a clearer view into the general state of the U.S. economy after an almost full year of Fed interest rate hikes.
General Motors (NYSE:GM) reported quarterly earnings of $2.12 per share which beat the analyst consensus estimate of $1.69 by 25.44 percent. This is a 57.04 percent increase over earnings of $1.35 per share from the same