In the second quarter of 2015 General Motors reported net earnings of $1,1 billion or $1,29 a share versus 58 cents reported a year earlier; a better result than expected. Analysts had expected it to rise to $1,08 per share.
In the same reference period the turnover however, it fell to 38,2 billion against 39,6 in the second quarter of 2014, a figure lower than the expectations which spoke of revenues of 40,4 billion.
The results for the months April - June 2015 were influenced in particular sales of light trucks in the USA and the strength of the business in China. Just the sales in China in the first months of 2015 influenced the performance of the General Motors stock on the Stock Exchange which, since the beginning of the year, has lost about 13% of its value.
'The first two quarters of the year were robust and we were able to fully capitalize on the strength of our activities in the United States and our resilience in China - commented the CEO Mary Barra – despite difficult conditions on that market.'
The markets show that they appreciate the results achieved by GM in the second quarter of this year. A few minutes fromopening of wall street, the stock gains 6,80% to 32,36 dollars.
