General Motors CEO Mary Barra
Bill Pugliano | Getty Images
DETROIT – General Motors is scheduled to report fourth-quarter earnings before the market opens on Wednesday.
Here’s what Wall Street expects, according to Refinitiv consensus estimates:
- Adjusted earnings: 1 cent a share
- Revenue: $31.036 billion
Wall Street’s attention is expected to be on the Detroit automaker’s operations in China, which experienced a 15% sales decline last year, as well as the company’s 2020 outlook amid growing challenges in North America and China.
GM says it has beaten Wall Street consensus on adjusted earnings per share for 17 consecutive quarters.
GM is reporting its fourth-quarter and 2019 earnings ahead of an investor day from 10 a.m.-2 p.m. Wednesday from the New York Stock Exchange. GM executives, including CEO Mary Barra, will discuss the company’s operations and outlook at-length as it pivots toward all-electric vehicles, including at least 20 new EVs globally by 2023.
GM’s earnings come a week after the automaker confirmed plans to resurrect Hummer, best known as a gas-guzzling, military-style SUV, as an all-electric “super truck” with massive horsepower, acceleration, and torque.
This is breaking news. Please check back for updates.