GM Reports Strong Net Income, Up 33.5 Percent to $2.6 Billion

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The FINANCIAL — General Motors Co. on April 27 announced record first-quarter earnings and revenue driven by robust retail sales of full-size trucks and crossovers in the United States, continued growth of GM Financial and effective cost performance around the globe.

First-quarter 2017 Records:

Revenue of $41.2 billion, up 10.6 percent

EBIT-adjusted of $3.4 billion, up 27.9 percent

EBIT-adjusted margin of 8.2 percent, up 1.1 points

EPS-diluted-adjusted of $1.70, up 34.9 percent

North America EBIT-adjusted of $3.4 billion, up 48.8 percent

North America revenue of $29.3 billion, up 10.7 percent

Records:

GM Financial net revenue of $2.9 billion, up 38.7 percent

 

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