{"id":29760,"date":"2012-08-06T19:57:15","date_gmt":"2012-08-06T19:57:15","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29760"},"modified":"2012-08-06T19:57:15","modified_gmt":"2012-08-06T19:57:15","slug":"video-gm-posts-strong-earnings-on-better-than-expected-losses","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/08\/06\/video-gm-posts-strong-earnings-on-better-than-expected-losses\/","title":{"rendered":"VIDEO: GM Posts Strong Earnings on Better Than Expected Losses"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v199292a6f350ddcac6d39302643e67fbc5845d6e&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v199292a6f350ddcac6d39302643e67fbc5845d6e&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>8-2-2012- General Motors (NYSE:GM) posting strong second quarter results this morning despite weakness in Europe. The automaker had EPS of $0.90, topping analyst estimates of $0.74. Revenue for the quarter fell to $37.6 billion, a little less than the $38.58 billion analysts were expecting.GM said the lower revenue was due to an operating loss of $361 million in Europe. However analysts predicted a bigger loss, making it higher than expected. Chief Financial Officer Dan Ammann said the company is taking decisive action in Europe which he says is a very challenging environment.This is GM&#8217;s 10th straight profitable quarter. The company did not give a profit outlook for the second half of the year. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/06\/1_oltcmdxh_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/06\/1_oltcmdxh_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>8-2-2012- General Motors (NYSE:GM) posting strong second quarter results this morning despite weakness in Europe. The automaker had EPS of $0.90, topping analyst estimates of $0.74. Revenue for the quarter fell to $37.6 billion, a little less than the $38.58 billion analysts were expecting.GM said the lower revenue was due to an operating loss of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/08\/06\/video-gm-posts-strong-earnings-on-better-than-expected-losses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: GM Posts Strong Earnings on Better Than Expected Losses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29760","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29760"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29760\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}