Gm releases 2024 first-quarter results and raises full-year guidance

Detroit , april 23, 2024 /prnewswire/ -- general motors co. (nyse: gm) today reported first-quarter 2024 revenue of $43.0 billion, net income attributable to stockholders of $3.0 billion and ebit-adjusted of $3.9 billion. gm is also updating its 2024 full-year earnings guidance: updated 2024 guidance previous 2024 guidance net income attributable to stockholders $10.1 billion - $11.5 billion $9.8 billion - $11.2 billion ebit-adjusted $12.5 billion - $14.5 billion $12.0 billion - $14.0 billion automotive operating cash flow $18.3 billion - $21.3 billion $18.0 billion - $21.0 billion adjusted automotive free cash flow $8.5 billion - $10.5 billion $8.0 billion - $10.0 billion eps-diluted $8.94 - $9.94 $8.50 - $9.50 eps-diluted-adjusted $9.00 - $10.00 $8.50 - $9.50 gm's 2024 financial guidance includes anticipated capital spending of $10.5 billion - $11.5 billion, inclusive of investments in the company's battery cell manufacturing joint ventures.
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