General Motors second-quarter profit drops to $1.287 billion

Earnings
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Summary · why it matters

General Motors reported a drop in second-quarter profit, with earnings falling to $1.287 billion, or $1.41 per share, from $1.865 billion, or $1.91 per share, in the same period last year. Excluding items, adjusted earnings came in at $3.57 per share. Revenue rose 1.9% to $48.026 billion from $47.122 billion a year earlier.

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General Motors Company
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Second-quarter profit dropped to $1.287 billion from $1.865 billion, with GAAP EPS falling to $1.41 from $1.91.