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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (55710)7/23/2015 8:59:23 AM
From: Brian Sullivan   of 78730
 
GM Posts Strong Second Quarter Earnings Growth with Net Income of $1.1 Billion and EBIT-Adjusted of $2.9 Billion

EPS of $0.67; EPS adjusted for special items of $1.29 up 122 percent (vs. expectations of $1.08)
North America achieves quarterly records for EBIT-adjusted of $2.8 billion and
EBIT-adjusted margin of 10.5 percent

Company reaffirms 2015 outlook for improved EBIT-adjusted and EBIT-adjusted margin, compared to 2014

General Motors Co. (NYSE: GM) today reported strong earnings growth for the second quarter with net income attributable to common stockholders of $1.1 billion, or $0.67 per diluted share, which included a $1.1 billion loss from special items before tax, or $(0.62) per diluted share. Earnings before interest and taxes (EBIT) adjusted increased to $2.9 billion and EBIT-adjusted margin grew to 7.5 percent.
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