|
Article Excerpt
M2 PRESSWIRE-31 July 2007-EIExplorationInvestor: GM Reports Preliminary Second Quarter Financial Results(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:31072007
Exploration Investor strives to provide you with outstanding market results. We will be your number one resource for all your small and large cap needs. While working to keep you in touch with market activity, we also will keep you updated on the latest press. Today, July 31st we have identified, General Motors Corp. (NYSE:GM) due to the attention they received after this recent corporate developments.
General Motors Corp. (NYSE:GM) today released its preliminary financial results for the 2007 second quarter, marked by record automotive revenue driven by strong sales in key growth markets, improved net income, and solid operating cash flow.
"We again saw improved results in sales, income and cash flow this quarter, driven by the continued successful implementation of our business strategies," said Rick Wagoner, GM chairman and chief executive officer. "In particular, our heavy commitment to key growth markets around the world really paid off in strong growth and earnings. In North America we continue to make progress with our focus on great new products, a disciplined sales and marketing strategy, and structural cost reduction, although profitability remains close to breakeven."
GM reported net income of $891 million, or $1.56 per diluted share, for the second quarter of 2007, an improvement of $4.3 billion compared with a reported net loss of $3.4 billion, or $5.98 per diluted share, in the year-ago quarter.
The results for the second quarter 2007 included $520 million, or $.92 per diluted share, in net special items, including $374 million in charges associated with GM's support of the bankruptcy and reorganization of Delphi and various GM North America (GMNA) restructuring-related charges. Details on the special charges are included in the "Highlights" section of this news release.
GM posted 2007 second-quarter adjusted net income, excluding special items,...
|
|
More articles from M2 Presswire
Northwest Airlines Reports Second Quarter 2007 Results., July 31, 2007
Multiple Investors of bought shares of CADE., July 31, 2007
(BEE) SqueezeTrigger Price is $21.026. There is $220,652,873.00 That S..., July 31, 2007
(LHO) SqueezeTrigger Price is $40.181. There is $168,727,137.00 That S..., July 31, 2007
(GG) SqueezeTrigger Price is $25.808. There is $387,040,481.00 That Sh..., July 31, 2007
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
