Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: sylvester80 who wrote (43215)	4/20/2004 9:47:22 AM
From: jlallen	Read Replies (2) of 89467

More bad news for pinheads.... GM crushes earnings estimates Top automaker also sees strong U.S. sales for the industry this year. Altria and Pfizer also beat the Street. Investors are taking some comfort in continued earnings strength as more big-name companies beat consensus estimates. Stock index futures point to a higher start. Corporate profits dominated the headlines with a spate of companies reporting, but the economy will vie for attention later today when Federal Reserve Chairman Alan Greenspan speaks on the banking industry before a Senate committee later today.Need more time? File for an extension online at H&R Block. GM, the world’s top automaker, cruised past expectations with a profit of $2.25 per share, 47 cents per share better than the Street was expecting. Profit fell from the year-ago period when GM recorded a large one-time gain form the sale of its defense unit. Revenues edged up 3.1% to $47.78 billion, well ahead of the Street forecast for $38.97 billion. GM also boosted its second-quarter profit guidance above expectations, pointing to a strengthening U.S. market. The company said it sees total U.S. industry vehicles sales of 17.3 million units for 2004

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