GM Closes 2018 With Strong Numbers From North America and GM Financial
General Motors management guided in January that fourth-quarter results would allow full-year 2018 adjusted diluted EPS to come above guidance of $5.80-$6.20. GM's fourth-quarter adjusted EPS of $1.43 easily beat consensus of $1.22, and full-year EPS of $6.54 handily beat guidance. GM also confirmed its 2019 EPS guidance of $6.50-$7.00. We see no reason to change our fair value estimate, but as always, we will update our model for the 10-K filing later this month.Fourth-quarter total company ad...
General Motors designs, builds and sells trucks, crossovers, cars and automobile parts. The company also provides automotive financing services through its subsidiary, General Motors Financial Company, Inc. (GM Financial). GM Financial provides retail loan and lease lending across the credit spectrum. GM Financial provides commercial lending products to dealers including new and used vehicle inventory floorplan financing and dealer loans, which are loans to finance improvements to dealership facilities, to provide working capital, and to purchase and/or finance dealership real estate. Other commercial lending products include financing for parts and accessories, dealer fleets and storage centers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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