GM Topped Estimates For Q2, Rose 18.7% YoY

August 05, 2011

General Motors (NYSE:GM) reported adjusted Q2 EPS of $1.54, better than analyst estimates of a $1.20 per share. Revenues for the quarter rose 18.7% year-over-year to $39.40 billion, topping consensus estimates of $36.71 billion.GM Chairman and CEO Dan Akerson said in a statement, "GM's investments in fuel economy, design and quality are paying off around the world." General Motors (NYSE:GM) has a potential upside of 59.9% based on a current price of $27.17 and an average consensus analyst price target of $43.45.