General Motors Stays With First-Quarter, Full-Year Earnings Forecast
General Motors
(GM)
left its earnings forecast for the first quarter and 2001 unchanged, and said it expects to report a profit of $2 billion for the year from its North American business.
The automaker expects to earn $4.25 a share for 2001. Analysts are looking for the company to earn 24 cents a share in the first quarter and $3.06 for the year, according to
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First Call/Thomson Financial
.
GM said its goals for this year include positive cash flow, a "substantial improvement'' in European operations and continued net income growth at its
GMAC
financing arm.
