Gm Profits Down, Earnings Up in 4th Quarter
Deseret News (Salt Lake City) › January 21, 2004
Linked as:
Summary
DETROIT -- Financing operations and asset sales propped up earnings at General Motors Corp. in the fourth quarter as profits from the automotive business fell, but the company beat Wall Street earnings estimates and provided an optimistic outlook for 2004.
The world's largest automaker said Tuesday its net income for the October-December period equaled the $1 billion it earned in the same period a year earlier. The most recent quarter's results, also boosted by special items, amounted to $2.13 a share, compared with $1.71 a share in the fourth quarter of 2002.See the full content of this document
Extract
Gm Profits Down, Earnings Up in 4th Quarter
Revenue rose to $49.1 billion from $45.6 billion a year earlier.
But global automotive profits were off 31 percent from strong results in the fourth quarter of 2002 when GM used hea...See the full content of this document
Sponsored links
