Key Takeaways
- General Motors stock was the biggest decliner in the S&P 500 on Tuesday, falling nearly 9% as concerns about the potential impact of tariffs outweighed fourth-quarter revenue and adjusted profit that topped estimates.
- The automaker posted billions in one-time charges for recent moves like restructuring its China business and halting development of its Cruise robotaxis.
- GM predicts rising profit in 2025, assuming a "stable policy environment" in North America.
General Motors (GM) stock was the biggest decliner in the 澳洲幸运5官方开奖结果体彩网:S&P 500 on Tuesday, falling nearly 9% as concerns about the 澳洲幸运5官方开奖结果体彩网:potential impact of tariffs outweighed fourth-quarter revenue and adjusted👍 profits topping estimates.
The parent of Chevrolet, Cadillac, and GMC posted a fourth-quarter net loss of $2.96 billion, or $1.64 per share, on $47.7 billion in revenue. Analysts ha꧃d 🎐expected a profit of $1.55 billion, or $0.75 per share, on $44.17 billion in revenue, per estimates compiled by Visible Alpha.
Looking ahead to 2025, GM guided net income of $11.2 billion to $12.5 billion, or $11 to $12 per share, assuming "a stable policy environment in North America." Analysts have said 澳洲幸运5官方开奖结果体彩网:un🙈certainty on ꦓelectric vehicle regulations and 澳洲幸运5官方开奖结果体彩网:subsidies under the Trump administration could slow EV sales.
In the presentation that was released alongside Tuesday's results, the automaker said its outlook "does not account for the impact of future policy changes by the new administration, including tariffs, tax reform or other regulations."
GM Report𒈔s $5B in China JV Restructuring, Crui꧟se Shutdown Charges
The loss was caused by $5 billion in special charges, including a $4 billion hit due to restructuring 澳洲幸运5官方开奖结果体彩网:its Chinese joint venture. GM also took a roughly $500 million charge for halting its 澳洲幸运5官方开奖结果体彩网:Cruise robotaxi program.
On an adjusted basis, GM reported 澳洲幸🐻运5官方开奖结果体彩网:earnings before interest or taxeꦕs (EBIT)♕ of $2.51 billion, or $1.92 per share💃, above expectation.
Following the report's release, Wedbush analysts called it "another major step in the right direction as management continues to navigate the choppy waters in this EV macro while the turnaround story for GM continues..."
UPDATE—This article has been updated with the latest share price and earnings presentation information.