GM Q1 revenue at $32.5 billion

Wednesday, 05. May 2021 13:33

General Motors Co. announced on Wednesday that the company's net revenue for the first quarter of the fiscal year was $32.5 billion.

The company's diluted earnings per share for the quarter was $2.03, a significant increase from the same period last year where the diluted EPS was $0.17. The net income for this period amounted to $3.02 billion, an increase of $2.7 billion year-over-year.

GM Chairman and CEO Mary Barra stated: "These strong results demonstrate once again the underlying strength of our business, especially in North America and China, and at GM Financial. We continue to execute our strategy and make significant progress on our transition to an all-electric future with the growth opportunities it creates."

GM shares were up 3.34% in the premarket trading session following the strong earnings report.

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