LONDON, March 9, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings review on General Motors Co. (NYSE: GM). On February 04, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=General%20Motors&d=09-Mar-2015&s=GM to read our free earnings review on General Motors Company (GM). The company's net income attributable to common stockholders was $1.11 billion, or $0.66 per diluted share, for Q4 FY14 and $2.80 billion, or $1.65 per diluted share, for full-year FY14. CEO of GM, Mary Barra, stated that a strong fourth quarter helped the company to deliver very good core operating results in 2014 despite significant challenges faced by the company and the industry. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=General%20Motors&d=09-Mar-2015&s=GM
Earnings Overview
During Q4 FY14, GM's total net sales and revenue came in at $39.62 billion compared to $40.49 billion in Q4 FY13. Analysts from Bloomberg had estimated total net sales and revenue of $40.33 billion in Q4 FY14. The company's adjusted earnings before interest and tax (EBIT) increased to $2.41 billion in Q4 FY14 from $1.90 billion in Q4 FY13. Net income attributable to common stockholders improved $152 million, or $0.09 per diluted share, in Q4 FY14 from $953 million, or $0.57 per diluted share, in Q4 FY13. The Q4FY14 results included net loss from special items of $0.9 billion or $(0.53) per diluted share, and the special items included a reduction of $0.8 billion to net income attributable to common stockholders related to the redemption of all outstanding Series A preferred shares. Bloomberg analysts had expected net income attributable to common stockholders of $1.45 billion, or $0.83 per diluted share, for Q4 FY14. Free research on GM can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=General%20Motors&d=09-Mar-2015&s=GM
In Q4 FY14, GM's North America adjusted EBIT increased to $2.21 billion from $1.88 billion in Q4 FY13. GM International Operations' adjusted EBIT came in at $396 million, compared with $228 million in Q4 FY13. GM South America adjusted EBIT stood at $89 million in Q4 FY14, compared $27 million in Q4 FY13. However, GM Europe reported adjusted loss before interest and tax of $393 million in Q4 FY14, compared to adjusted loss before interest and tax of $365 million in Q4 FY13. Furthermore, GM Financial reported adjusted EBIT of $119 million in Q4 FY14, compared with $225 million in Q4 FY13.
During Q4 FY14, GM's automotive cash flow from operating activities increased to $3.79 billion from $2.76 billion in Q4 FY13. The company's adjusted automotive free cash flow also increased to $2.4 billion in Q4 FY14, excluding the effect of $0.6 billion in recall-related cash payments, from $1.1 billion in Q4 FY13.
For FY14, GM's total net sales and revenue came in slightly higher at $155.93 billion, compared to $155.43 billion in FY13. Bloomberg analysts had estimated total net sales and revenue of $156.76 billion in FY14. The company's adjusted EBIT was $6.49 billion in FY14, compared with $8.58 billion in FY13. FY14 adjusted EBIT included the impact of $2.8 billion for recall-related costs and restructuring charges of $1.0 billion. GM's net income attributable to common stockholders declined $1.20 billion, or $0.73 per diluted share, in FY14 from $3.99 billion, or $2.38 per diluted share, in FY13. Bloomberg analysts had expected net income attributable to common stockholders of $3.36 billion, or $1.89 per diluted share, in FY14. Sign up and read the free analyst's notes on GM at:
http://get.Investor-Edge.com/pdf/?c=General%20Motors&d=09-Mar-2015&s=GM
During FY14, the company reported adjusted automotive free cash flow of $4.8 billion, excluding the effect of $1.6 billion in recall-related cash payments, compared to adjusted automotive free cash flow of $3.7 billion in FY13. Additionally, GM had strong total automotive liquidity of $37.2 billion as of December 31, 2014, compared to $38.3 billion as of December 31, 2013.
Ms. Barra stated that the company's intention to increase the dividend is consistent with its balanced capital allocation strategy and reflects the confidence that GM has in the growing strength of its business. She asserted that the company's goal is to maximize long-term shareholder value through both stock price appreciation and return of capital. Visit Investor-Edge and access the latest research on GM at:
http://get.Investor-Edge.com/pdf/?c=General%20Motors&d=09-Mar-2015&s=GM
Stock Performance
On the day of the earnings release, February 04, 2015, GM's stock rallied 5.44% finishing the session at $35.83. Since then, the stock has moved both ways with gains outperforming losses. However, on the last close, Friday, March 06, 2015, the company's shares ended 2.05% lower at $36.84. GM's shares vacillated between $36.73 and $37.55 during the session. A total of 13.76 million shares were traded which was below their three months average volume of 15.24 million shares. Over the last one month and previous three months, GM's shares have advanced 2.33% and 8.58%, respectively. However, the stock has fallen by 2.26% over the past one year. Shares in the company closed above their 50-day and 200-day moving averages of $35.56 and $34.23, respectively.
Sneak Peek to Corporate Insider Trading
In the last one month, GM has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on GM is available at:
http://get.Investor-Edge.com/pdf/?c=General%20Motors&d=09-Mar-2015&s=GM
About Investor-Edge.com
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