Tuesday, April 29, 2025A busy day greets us this morning, with major economic news hitting the tape ahead of the normal trading session, during it and afterwards, as well. Pre-market futures are mixed-to-flat once again, this time with the blue-chip Dow leading into positive territory. Bond yields have trended low but look fairly stable around 4.23% on the 10-year and 3.71% on the 2-year at this hour. Advance Trade Balance Sinks to All-Time DepthThe March report for Advance Trade Balance on Goods came out t ...

General Motors (GM) reported first-quarter 2025 adjusted earnings of $2.78 per share, which surpassed the Zacks Consensus Estimate of $2.69. The bottom line also increased from the year-ago quarter’s $2.62. Higher-than-expected revenues from GM North America (GMNA) and GM Financial segments led to the outperformance. Revenues of $44.02 billion beat the Zacks Consensus Estimate of $42.5 billion and increased from $43.01 billion recorded in the year-ago period.The U.S. auto giant recorded adjusted earnings be ...

Group 1: Earnings Performance - General Motors (GM) reported quarterly earnings of $2.78 per share, exceeding the Zacks Consensus Estimate of $2.69 per share, and up from $2.62 per share a year ago, representing an earnings surprise of 3.35% [1] - The company posted revenues of $44.02 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.57%, compared to $43.01 billion in the same quarter last year [2] - Over the last four quarters, GM has consistently surpassed consensus EPS and revenue estimates [2] Group 2: Stock Performance and Outlook - GM shares have declined approximately 11.3% since the beginning of the year, while the S&P 500 has decreased by 6% [3] - The current consensus EPS estimate for the upcoming quarter is $2.82 on revenues of $45.19 billion, and for the current fiscal year, it is $10.77 on revenues of $178.32 billion [7] - The Zacks Rank for GM is currently 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Automotive - Domestic industry, to which GM belongs, is currently ranked in the bottom 19% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact GM's stock performance [5]

Core Points - The Annual General Meeting (AGM) of Nokia Corporation took place on April 29, 2025, in Helsinki, Finland, where all proposals from the Board of Directors were approved [1] - The AGM adopted the Company's financial statements and discharged the Board members and CEO from liability for the financial year 2024 [1] Financial Resolutions - The AGM decided not to distribute any dividend but authorized the Board to resolve on a maximum distribution of EUR 0.14 per share from retained earnings or the reserve for invested unrestricted equity [2] - The authorization for asset distribution is valid until the next AGM, with specific record and payment dates set for potential distributions [3][4] Board Composition - The AGM elected ten members to the Board, re-electing eight members and adding two new members for a term ending at the close of the next AGM [5] Board Members' Remuneration - The annual fees for Board members were set, with EUR 440,000 for the Chair, EUR 210,000 for the Vice Chair, and EUR 185,000 for each member, along with additional fees for committee chairs [6] - Approximately 40% of the annual fee will be paid in Nokia shares, with the remainder in cash to cover taxes [7] Auditor and Sustainability Reporting - Deloitte Oy was re-elected as the auditor and sustainability reporting assurer for the financial year 2026 [9] Share Repurchase and Issuance Authorization - The AGM authorized the Board to repurchase a maximum of 530 million shares, effective until October 28, 2026 [10] - The Board was also authorized to issue a maximum of 530 million shares or special rights, effective until October 28, 2026 [11]

Continues multi-decade support delivering innovative and comprehensive services to federal agenciesDALLAS, April 29, 2025 /PRNewswire/ -- Jacobs (NYSE: J) has been awarded an unrestricted U.S. General Services Administration (GSA) One Acquisition Solution for Integrated Services Plus (OASIS+) Multi-Agency Contract (MAC), for services across multiple U.S. federal agencies. The contract offers adaptability to meet mission-specific requirements on a global scale.Under this contract, Jacobs will provide a full ...

Financial Performance - General Motors reported Q1 2025 revenue of $44.0 billion, a 2.3% increase from $43.0 billion in Q1 2024[4] - Net income attributable to stockholders decreased by 6.6% to $2.8 billion compared to $2.98 billion in the same quarter last year[4] - EBIT-adjusted for Q1 2025 was $3.5 billion, down 9.8% from $3.87 billion in Q1 2024[4] - Automotive operating cash flow fell by 33.2% to $2.4 billion, down from $3.6 billion year-over-year[4] - Adjusted automotive free cash flow decreased by 25.6% to $811 million compared to $1.09 billion in Q1 2024[4] - The company’s net income margin for Q1 2025 was 6.3%, down from 6.9% in Q1 2024, reflecting a 0.6 percentage point decline[4] - GMNA EBIT-adjusted margin decreased to 8.8% from 10.6% year-over-year, a decline of 1.8 percentage points[4] - Net income for the three months ended March 31, 2025, was $2,659 million, compared to a net income of $2,804 million for the same period in 2024, representing a decrease of 5.2%[20] - Net sales and revenue for the three months ended March 31, 2025, were $44,020 million, an increase from $43,014 million in the same period of 2024, representing a growth of 2.3%[25] - EBIT-adjusted for the three months ended March 31, 2025, was $3,490 million, compared to $3,871 million in the same period of 2024, reflecting a decrease of 9.8%[39] - Net income attributable to stockholders for the three months ended March 31, 2025, was $2,784 million, down from $2,980 million in 2024, a decline of 6.6%[39] Cash Flow and Investments - Cash flows from operating activities for Q1 2025 were $2,404 million, a significant decrease from $3,598 million in Q1 2024, reflecting a decline of 33.2%[20] - The company reported expenditures for property of $1,809 million in Q1 2025, down from $2,728 million in Q1 2024, indicating a reduction of 33.7%[20] - Net cash used in investing activities was $2,448 million for Q1 2025, compared to $3,268 million in Q1 2024, showing a decrease of 25.2%[20] - The company reported a net cash provided by operating activities of $1,877 million from GM Financial in Q1 2025, compared to $1,601 million in Q1 2024, indicating an increase of 17.2%[20] - The company reported a net cash used in financing activities of $2,334 million for the three months ended March 31, 2025, compared to a net cash provided of $1,444 million in the same period of 2024[24] Assets and Liabilities - Total current assets increased to $51,760 million as of March 31, 2025, compared to $50,618 million at December 31, 2024, reflecting a growth of 2.3%[16] - Total non-current assets rose to $93,270 million from $90,756 million, marking an increase of 1.8%[16] - Total assets reached $145,030 million, up from $141,374 million, representing a growth of 2.3%[16] - Total liabilities increased to $215,678 million from $214,171 million, a rise of 0.7%[16] - Total stockholders' equity stood at $66,427 million, compared to $65,590 million, indicating an increase of 1.3%[16] - Cash and cash equivalents amounted to $12,021 million, a significant increase from $8,444 million, reflecting a growth of 42.5%[16] - GM Financial receivables, net, decreased to $44,779 million from $46,760 million, a decline of 4.2%[16] - Inventories increased to $15,257 million from $14,569 million, showing a growth of 4.7%[16] - Accounts payable decreased to $27,151 million from $25,446 million, an increase of 6.7%[16] - Long-term debt for Automotive increased to $13,436 million from $13,288 million, reflecting a rise of 1.1%[16] Market Performance - Total vehicle sales for Q1 2025 reached 1,449 thousand units, an increase from 1,348 thousand units in Q1 2024, marking a growth of 7.5%[54] - GM's market share in the U.S. increased to 17.2% in Q1 2025 from 15.4% in Q1 2024[54] - Wholesale vehicle sales in North America for Q1 2025 were 819 thousand units, up from 709 thousand units in Q1 2024, an increase of 15.5%[54] - Fleet sales accounted for 16.5% of total vehicle sales in Q1 2025, compared to 15.5% in Q1 2024[55] Strategic Focus - The company plans to update its full-year 2025 financial guidance in light of recent trade policy changes[2] - General Motors continues to focus on advancing technology for safer and lower emission vehicles, including a broad range of electric vehicles[6] - The company plans to continue its market expansion and product development strategies, particularly in electric vehicles, as indicated by the ongoing investments in joint ventures and technology[32] - The company’s adjusted automotive free cash flow is being monitored closely to ensure liquidity against substantial cash requirements in automotive operations[37] Earnings and Taxation - Diluted earnings per share (EPS) increased by 30.9% to $3.35, up from $2.56 in the prior year[4] - The effective tax rate for Q1 2025 was 20.1%, slightly lower than 20.5% in Q1 2024[46] - The company’s effective tax rate for the three months ended March 31, 2025, was adjusted to reflect changes in income tax expense, which was $719 million compared to $762 million in 2024[39] Other Financial Metrics - Return on equity (ROE) for the trailing four quarters ended March 31, 2025, was 8.6%, down from 15.1% for the same period in 2024[47] - GM's average equity for the four quarters ended March 31, 2025, was $67.9 billion, down from $71.1 billion in the prior year[47] - Equity income related to Ultium Cells Holdings LLC was $241 million for the three months ended March 31, 2025, compared to $156 million in 2024, an increase of 54.4%[27]

General Motors Co GM is set to report its first-quarter earnings on Tuesday before the market opens. Wall Street expects earnings per share of $2.73 on revenues of $43.15 billion.The stock has gained 2.65% over the past year but remains down 8% year-to-date, as tariff headlines and macro noise kept the auto sector spinning its wheels.Let's take a look at what the charts are signaling for GM stock ahead of earnings.Read Also: Automakers Are Struggling With Tariffs And EV Competition, Say AnalystsGM Technical ...

Group 1 - Austral Gold Limited is an established gold producer with a focus on building a portfolio of quality assets in the Americas through production, exploration, and equity investments [2] - The company's 2025 Annual General Meeting (AGM) is scheduled for Thursday, 29 May 2025, at 9:00 am AEST in Sydney, Australia [1][4] - Relevant documents for the AGM, including the Notice of AGM and proxy forms, have been dispatched to shareholders and are available on the ASX and the company's website [1][6] Group 2 - Austral Gold continues to advance its growth strategy by developing its attractive portfolio of producing and exploration assets [2][4] - The company is focused on three strategic pillars: production, exploration, and equity investments, which are essential for its growth [2]

Group 1 - The article discusses the challenges faced by Cathay General Bancorp in increasing its net interest margin due to high deposit costs and a loan-to-deposit ratio close to 100% [1] - The management's limited flexibility in adjusting financial strategies is highlighted, indicating potential difficulties in improving profitability [1] Group 2 - The author emphasizes a fundamental analysis approach, focusing on actual company performance rather than market trends, which is crucial for long-term investment strategies [1] - The article serves as a platform for sharing insights and engaging with the investment community, reflecting the author's commitment to continuous learning in the financial markets [1]

Group 1 - General Dynamics reported first quarter results on April 23, showing double-digit growth in revenues [2] - Despite an initial drop in stock price following the earnings release, the stock has since recovered [2] - The company operates within the aerospace, defense, and airline industry, which has significant growth prospects [2] Group 2 - The analysis provided by the investing group focuses on discovering investment opportunities in the aerospace and defense sectors [2] - The group utilizes data-informed analysis to contextualize industry developments and their potential impact on investment theses [2]