GM Affirms Outlook for Second Quarter
From Associated Press
General Motors Corp. said Wall Street estimates that the company will earn $1.20 a share in the second quarter are in line with its expectations, but reiterated its full-year profit target is uncertain.
The world’s largest automaker has said it expects to earn at least $1 a share in the April-June period and has a goal of $5 a share for the year.
For all of 2003, GM said its goal of earning $5 a share was uncertain because of intense pricing pressure in the U.S.
GM shares rose $1, or 2.8%, to $36.30 on the NYSE.
