The top Detroit automaker General Motors (NYSE:GM) ended 2016 on a joyful note with stunning fourth quarter earnings that helped the company to register impressive full year adjusted earnings per share of $6.12. This compares with $5.02 reported in fiscal 2015. Not only this, the company managed to surpass its own earnings guidance of $5.25 to $5.75. During the earnings conference, company CEO, Mary Barra, was happy to report that “GM delivered a second straight year of record earnings in 2016, setting records for net revenue, EBIT-adjusted, EBIT-adjusted margins, EPS diluted-adjusted and automotive-adjusted free cash flow.” Here’s a lowdown on America’s largest auto manufacturer’s performance in the last year.
The quarter in a snapshot Continue Reading »