General Motors Slips in Q4 But Betters Analysts' Forecasts

21 January 2005

For the fourth quarter ended December 31, General Motors reported net income of $630 million (€483.28m; £336.14m), down year-on-year from $1 billion.

Operating earnings, excluding special items, were $1.01 a share, bettering analysts' expectations of 91 cents a share.

The quarter is "off to a bit of a slow start, although we have not changed our view for the full year," said cfo John Devine, in a conference call with analysts and reporters. The quarter would hit "break-even or better."

For the full year, the auto giant said net income was $3.6bn, a decline of about 5% from $3.8bn during the same period in 2003.

Data sourced from New York Times; additional content by WARC staff