Detroit Bureau on Twitter

Posts Tagged ‘GM income’

GM Earnings Drop 14 Percent

Detroit-based maker earned $865 million in Q1.

by on May.02, 2013

GM reported net income of $865 million on sales of vehicles like the 2013 Impala.

General Motors Co. reported its net income dropped 14% in the first quarter as special items ate into the company’s net income.

GM said first quarter net income attributable to common stockholders of $865 million, or 58 cents per fully diluted share. These results include a net loss from special items that reduced net income by $0.2 billion, or $0.09 per fully diluted share.

News from a Source You Can Trust!

In the first quarter of 2012, GM’s net income attributable to common stockholders was $1 billion, or 60 cents per share, including a net loss from special items of $0.6 billion or 33 cents per share.

(more…)