GM Announces Q3 Results and Approves $20 billion Share Repurchase
GM General Motors Company
$82.75 -1.44%
View chart & analysis → - 1GM recorded Q3 revenue of $50 billion, exceeding the Bloomberg consensus estimate of $48.52 billion.
- 2The GM board of directors approved a new $20 billion multi-year share repurchase authorization.
- 3GM declared a quarterly dividend of $0.18 per share.
So what's the key point?
GM earned more money than expected. The company decided to buy back its own shares, which will benefit shareholders.
Source Yahoo Finance +2 · View original ↗
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