General Motors shares jumped after the automaker reported profit jumped in the fourth quarter, driven again by record revenue and strong demand.
Stocks were poised to finish January with solid gains for the month, even if stock index futures suggested that Tuesday might open with a slight decline. General Motors (NYSE: GM) has a long history as an industrial leader in the U.S., but it has recently had to fight to keep up in the fast-moving electric vehicle (EV) space. In an effort to catch up with EV pioneer Tesla, GM has set out an ambitious strategy that makes the most of its size and financial resources.
General Motors Company (GM) delivered earnings and revenue surprises of 26.19% and 4.35%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?