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Keyword: gmearnings

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  • GM Recovery in Reverse as Earnings Disappoint

    02/21/2013 5:06:11 PM PST · by jazusamo · 12 replies
    NLPC ^ | February 21, 2013 | Mark Modica
    General Motors released its disappointing earnings report last week to the sound of crickets. While financial TV news networks (along with most analysts and journalists) ignored the negative aspects of the release, share price has fallen over 5% in less than a week since the news hit. The earnings release and subsequent SEC 10K (annual report) expose the fact that GM's recovery is not the success that the Obama Administration and media portray. The lack of the fanfare that typically comes with GM earnings releases is as good an indication of the meaning behind the numbers as is the decline...