Tortola, British Virgin Islands--(Newsfile Corp. - January 29, 2025) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce the voting results for its annual general meeting of shareholders held on January 23, 2025 (the "Meeting").A total of 45,925,739 shares were represented at the Meeting, being 65.37% of the Company's issued and outstanding common shares. Shareholders approved all matters brought before the Meeting as follows: Report On Proxies:To view ...

General Dynamics (GD -4.05%) topped quarterly expectations, but some of the company's key business units underwhelmed. Investors were disappointed, sending General Dynamics shares down 6% at the open Wednesday and down 4% as of 1:30 p.m. ET.A subdued beatGeneral Dynamics earned $4.15 per share on sales of $13.3 billion in the quarter, topping Wall Street's $4.05 per share-on-$12.8 billion consensus estimate. But that consensus had reset lower during the quarter, and some of the underlying numbers were less ...

General Motors Company GM shares are trading relatively flat on Wednesday.Yesterday, the automotive behemoth reported adjusted earnings per share of $1.92 in the fourth quarter, beating the street view of $1.86. Quarterly sales of $47.70 billion (+11%) outpaced the analyst consensus estimate of $43.606 billion.Here are the analysts’ take on the stock:BofA Securities analyst John Murphy reiterated the Buy rating on the stock, with a price forecast of $85.Wedbush analyst Daniel Ives reiterated the Outperform ...

General Dynamics Corporation (GD) reported fourth-quarter 2024 earnings per share (EPS) of $4.15, which beat the Zacks Consensus Estimate of $4.13 by 0.5%. The bottom line also increased 14% from $3.64 recorded in the year-ago quarter.  Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The year-over-year bottom-line appreciation can be attributed to revenue growth as well as an improvement in operating earnings.For 2024, the company reported EPS of $13.63, up 13.4% from the year-ago r ...

General Mills, Inc. (GIS) has faced a turbulent few months, with its stock declining 12.3% over the past three months, significantly underperforming the industry’s 7.3% drop. This branded consumer food company also lagged the broader Zacks Consumer Staples sector’s decline of 3.7% and the S&P 500’s growth of 4% in the same period.GIS Price Performance vs. Industry, S&P 500 & SectorImage Source: Zacks Investment ResearchClosing the trading session at $59.80 yesterday, General Mills stock stands closer to its ...

GM is firing on all cylinders, but the market doesn't seem to care.General Motors (GM -8.89%) stock dropped 9% on Tuesday after the company reported a great fourth quarter and solid guidance for 2025. But the market wasn't happy, and Travis Hoium shows how investors should interpret the news in this video.*Stock prices used were end-of-day prices of Jan. 28, 2025. The video was published on Jan. 28, 2025. ...

Financial Performance - For the year ending December 31, 2025, the company expects diluted EPS between $11.00 and $12.00, net income attributable to stockholders between $11.2 billion and $12.5 billion, and EBIT-adjusted between $13.7 billion and $15.7 billion[191]. - The company's total net sales and revenue for the year ended December 31, 2024, were $187.442 billion, an increase of 9.1% compared to $171.842 billion in 2023[208]. - Total net sales and revenue for General Motors increased to $157.5 billion in 2024, up 11.4% from $141.4 billion in 2023[223]. - EBIT-adjusted for General Motors North America rose to $14.5 billion in 2024, an increase of 18.1% compared to $12.3 billion in 2023[223]. - Net income attributable to stockholders for 2024 is $6.008 billion, a decrease from $10.127 billion in 2023 and $9.934 billion in 2022[322]. - EBIT-adjusted for 2024 is $14.934 billion, compared to $12.357 billion in 2023 and $14.474 billion in 2022, reflecting a significant increase[322]. - The effective tax rate for 2024 is 30.0%, significantly higher than 5.4% in 2023 and 16.3% in 2022[333]. - ROIC-adjusted for 2024 is 20.8%, an increase from 16.4% in 2023 and 20.0% in 2022, indicating improved capital efficiency[337]. - The diluted earnings per share for 2024 is $7.189, compared to $10.022 in 2023 and $8.915 in 2022[329]. Sales and Market Performance - Total vehicle sales in the U.S. for the year ended December 31, 2024, were 2.7 million units, representing a market share of 16.5%, an increase of 0.3 percentage points compared to 2023[194]. - Industry sales in North America for the year ended December 31, 2024, were 20.3 million units, an increase of 3.5% compared to 2023[193]. - In China, total vehicle sales were 1.8 million units for a market share of 6.9%, a decrease of 1.5 percentage points compared to 2023, amid intense price competition[196]. - General Motors' wholesale vehicle sales in North America increased to 3.5 million units in 2024, a rise of 10.1% from 3.1 million units in 2023[223]. Financial Position and Liquidity - Total Automotive available liquidity decreased slightly to $35.5 billion in 2024 from $36.3 billion in 2023[258]. - GM Financial's total available liquidity decreased slightly to $29.3 billion in 2024 from $29.9 billion in 2023[276]. - Cruise's available liquidity was $0.3 billion at the end of 2024, down from $1.3 billion in 2023, reflecting a total change of $(1.0) billion[270]. - Average debt outstanding for GM Financial increased to $109.0 billion in 2024, an 8.6% rise from $100.4 billion in 2023[236]. Expenses and Costs - The automotive and other selling, general and administrative expense increased to $10.6 billion in 2024, a rise of 7.9% from $9.8 billion in 2023[216]. - The company reported a decrease in automotive and other cost of sales to $151.1 billion in 2024, down 6.9% from $141.3 billion in 2023[211]. - The provision for loan losses at GM Financial rose to $1.029 billion in 2024, reflecting a 24.6% increase from $826 million in 2023[236]. - The liabilities for product warranty and recall campaigns amount to $10.6 billion as of December 31, 2024[371]. - The liabilities for dealer and customer allowances, claims, and discounts total $7.3 billion as of December 31, 2024[372]. Investments and Strategic Initiatives - The company plans to invest approximately $10.0 billion to $11.0 billion in battery cell manufacturing joint ventures in 2025[239]. - The company anticipates continued investments in suppliers and strategic agreements to support its transition to electric vehicles[242]. - The company plans to cease funding Cruise's robotaxi development due to the competitive market and resource requirements[272]. - The company plans to continue its strategic activities, including the transition of certain Buick dealers as part of its EV strategy[324]. Audit and Internal Controls - The Company maintained effective internal control over financial reporting as of December 31, 2024, based on the COSO criteria[378]. - The audit provided an unqualified opinion on the consolidated financial statements for the period ended December 31, 2024[379]. - The audit included evaluating management's estimates related to product warranty, sales incentives, and lease residual values, which involved significant judgment[372][374]. - The audit procedures included sensitivity analyses to assess the impact of changes in assumptions on the estimated liabilities[373][376]. - The Company’s internal controls over financial reporting were tested for effectiveness, ensuring reliability in financial reporting[382]. Risks and Sensitivities - The company is exposed to interest rate risks as financial assets and liabilities have different characteristics that may impact financial performance[353]. - The company’s financial risk management policy is designed to protect against risks arising from large adverse market movements on key exposures[343]. - The estimated cost accrued for recall campaigns at the time of vehicle sale is sensitive to the estimated number of recall events, with a 10% increase in the estimated take rate leading to an increase of approximately $0.4 billion in costs[289]. - A 5% relative decrease in forecast recovery rates would increase the allowance for loan losses by $0.1 billion[292]. - The estimated residual value of GM Financial's leased vehicles was $23.5 billion as of December 31, 2024, with potential depreciation expense changes based on a 1% relative change in estimated residual values[299][300].

Key TakeawaysGeneral Motors stock was the biggest decliner in the S&P 500 on Tuesday, falling nearly 9% as concerns about the potential impact of tariffs outweighed fourth-quarter revenue and adjusted profit that topped estimates.The automaker posted billions in one-time charges for recent moves like restructuring its China business and halting development of its Cruise robotaxis.GM predicts rising profit in 2025, assuming a "stable policy environment" in North America. General Motors (GM) stock was the big ...

General Mills Inc. (GIS) has completed the sale of its Canadian Yogurt business to Sodiaal, marking a significant step in the company's ongoing portfolio reshaping strategy. This divestiture includes the Canada operations of several well-known yogurt brands, including Yoplait and Liberte, two key players in the Canada yogurt market. The sale encompasses a manufacturing facility in Saint-Hyacinthe, Quebec. This move is in line with General Mills' broader efforts to streamline its operations and focus on high ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...