Earnings and Stock Performance Highlights - General Motors

LONDON, July 30, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings and stock performance highlights on General Motors Company (NYSE: GM) as the company featured in the headlines on Thursday, July 24, 2014.  General Motors reported 83% Y-o-Y decline in the net income attributable to common stockholders in the second quarter of 2014, underperforming the market expectations. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

For the second quarter of 2014, General Motors Co.'s revenue improved $0.5 billion Y-o-Y to $39.6 billion. The global car maker's strong core operating performance during the quarter was offset by a pre-tax net loss from special items of $1.3 billion, or $(0.47) per diluted share, and costs of $1.2 billion pre-tax primarily for recall-related repairs, or $(0.44) per diluted share. During the same quarter, the company made a special charge of $0.4 billion towards GM's ignition switch compensation program. The company reported adjusted EBIT of $1.4 billion, after $1.2 billion in recall-related costs and $0.2 billion in restructuring costs. The free research on GM can be downloaded as in PDF format at:

http://www.Investor-Edge.com/GMFreeReport

Mary Barra, Chief Executive Officer of General Motors Co., stated that the company's underlying business performance in the first half of the year was strong as revenue grew on improved pricing and solid new vehicle launches. Barra asserted that the company is consumer-centric while executing its plans to operate profitably in every region of the world.

The automobile major reported revenue of $39.6 billion during the second quarter of 2014, compared with $39.1 billion in the prior year's comparable quarter, thus underperforming Bloomberg revenue estimates of $40.59 billion. The Detroit-based company's net income attributable to common stockholders stood at $0.2 billion, well below $1.2 million in the year-ago quarter and market expectations of 1.07 billion. The company's diluted EPS of $0.11 a share fell short of Bloomberg consensus estimate of $0.59 a share and the $0.75 seen in the second quarter of 2013. GM's financial earnings before tax stood at $0.3 billion for the quarter, compared to $0.3 billion in the prior year quarter. General Motors Co. ended the quarter with very strong total automotive liquidity of $38.8 billion. The company reported automotive cash flow from operating activities of $3.6 billion, while the adjusted automotive free cash flow stood at $1.9 billion. Sign up and read the free analyst's notes on GM at:

http://www.Investor-Edge.com/GM-30072014

Stock Performance  

On Thursday, July 24, 2014, after the earnings release, General Motors Co.'s shares declined 4.46% to close the session at $35.74. At the last close, on Tuesday, July 29, 2014, the company's shares lost 1.29% to end at $34.45. The company's shares oscillated between $34.43 and $35.20 during the trading session. A total of 16.56 million shares were traded, higher than its three months average volume of 13.95 million shares. General Motors Co.'s shares have fallen by 3.61% in the previous three trading sessions, 5.93% in the last one month, and 15.71% on YTD basis. The company is trading below its 50-day and 200-day moving averages of $36.16 and $36.58, respectively. The stock traded at a PE ratio of 14.85 and has a Relative Strength Index (RSI) of 31.79. Visit Investor-Edge and access the latest research on GM at:

http://www.Investor-Edge.com/GMEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, twelve insiders sold 194,843 shares of General Motors Co. worth $7.1 million at an average price of $36.44. On June 30, 2014, former CEO, Daniel F. Akerson, sold 63,830 shares worth $2.33 million, while the company's Senior Advisor and former Vice Chairman Stephen J. Girsky disposed 33,440 shares worth $1.22 million. Complimentary in-depth research on GM is available at:

http://www.Investor-Edge.com/GMInsiderTrading

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EDITOR'S NOTES:

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