General Motors Company revealed on Tuesday that its revenue in the fourth quarter of fiscal 2024 stood at $47.7 billion, rising by 11% year-on-year, and surpassing analysts' forecasts. In the fourth trimester, the company's net loss attributable to stockholders came in at $2.9 billion compared to income of $2.1 billion a year prior, while the adjusted diluted earnings per share (EPS) soared by 54.8% to $1.92. For the full 2024, GM's revenue increased by 9.1% to $187 billion.
For the 2025 guidance, the automaker estimated its net income attributable to stockholders to be between $11.2 billion and $12.5 billion while EPS-diluted is expected to be between $11 and $12.
"As we look to the year ahead, we will continue to allocate capital consistently and in a balanced manner, and our vehicle portfolio will continue to get stronger," CEO Mary Barra stated. GM's shares jumped by 1.77% during the premarket hours and sold for $55.89 apiece.
