GM Halted

General Motors-GM reports Q3 EPS ($4.45) vs. consensus of ($3.70) Reports Q3 revenue $37.94B vs. consensus of $39.41B.

GM reported a net loss of $2.5 billion for the third quarter, including special items. Company says “estimated liquidity during the remainder of 2008 will approach the minimum amount necessary to operate its business.”

Note that earnings were originally scheduled to be released at 10:30

Market shrugging this off, with the Dow up175

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under