GM said Wednesday that adjusted earnings for the final three months of the year were $2.8 billion, or $1.93 a share, vs. $72 million, or 5 cents a share, in the same period a year ago. Analysts polled by FactSet had been expecting earnings of $1.60 a share.
"Delivering GM’s exciting new chapter is a team that embraces diversity and inclusion, a safe workplace, and the commitment to create a better, safer and more sustainable world. I am deeply and personally engaged in this strategy, and I believe that our company’s strong values are a compelling advantage. They drive creativity, agility and so much more for our future. Like everything else we do, we will hold ourselves accountable and update you on our progress," said Mary Barra, CEO of GM.
Jim Cramer said GM is a buy despite concerns he has about the carmaker's access to semiconductors.
Watch Cramer outline those concerns:
Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.
Latest Videos From TheStreet and Jim Cramer:
- Coronavirus: The Latest Numbers on the COVID-19 Pandemic
- What the New Reality of Shopping Means for Superstores & Consumers
- How Do You Short a Stock?
- What Is Happening to GameStop Stock? Jim Cramer Explains
- How to Break Diversity Barriers on Wall Street
- What Diversity Means for a Company's Bottom-Line: Al Roker
- Why Terrell Davis Dove Into Business of CBD - Sport of Money
- Here's How Diversity Improves Corporate Balance Sheets: Jim Cramer