How Will Recall Charges Affect General Motors' Earnings?
GM will be hard pressed to avoid posting a loss when it announces its first-quarter earnings on Thursday. Investors will be looking to see how well GM performed outside of the big recall charges.
This was supposed to be the year when General Motors made a record $10 billion in profit, but the company will be hard pressed to avoid posting a loss when it announces its first-quarter earnings on Thursday. Analysts are expecting the auto giant to report earnings of $0.06 cents a share on $38.43 billion in revenues, which would represent a growth in sales of more than four percent. Investors will be looking to see how well GM performed outside of the big recall charges.
