Summary by Moomoo AI
General Motors (GM) reported a solid financial performance for the third quarter ended September 30, 2024, with total net sales and revenue reaching $48.757 billion, a 10.5% increase from the same period in 2023. The company's net income attributable to stockholders was $3.056 billion, slightly down from $3.064 billion in the previous year. Earnings before interest and taxes-adjusted (EBIT-adjusted) stood at $4.115 billion, up from $3.564 billion year-on-year. The automotive segment contributed significantly to the revenue, with GM North America (GMNA) generating $41.157 billion, a 14% increase from the previous year, driven by strong sales of full-size pickup trucks and SUVs. GM International (GMI) faced challenges, with total net sales and revenue decreasing by 18.8% to $3.517 billion, and EBIT-adjusted down to $42 million from $357 million in...Show More
