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Earnings Beats for GM, DHI, KO, etc. Lead Pre-Markets Slightly Higher
ZACKS· 2025-07-22 15:21
Market Overview - Pre-market futures are showing slight increases with the Dow and S&P 500 up by +9 points and Nasdaq up by +4 points [1] - Bond yields are decreasing, with the 10-year yield at +4.36%, the 2-year at +3.84%, and the 30-year down to +4.94% [1] Q2 Earnings Reports - General Motors (GM) reported earnings of $2.53 per share, exceeding expectations by +5.86%, with revenues of $47.98 billion, surpassing estimates by +1.89%. However, North American EBIT fell below expectations, leading to a -1.8% drop in shares [2] - Lockheed Martin (LMT) had a strong earnings surprise of +12.33% with earnings of $7.29 per share, but revenues of $18.2 billion were below consensus, resulting in a -7% pre-market decline. Northrop Grumman (NOC) reported earnings of $7.11 per share, exceeding estimates by +5.96% and outperforming on revenue by +2.94%, leading to a +3% increase in shares [3] - D.R. Horton (DHI) reported earnings of $3.36 per share, beating consensus by +15.86%, with revenues of $9.23 billion, exceeding expectations by +5.13%. Shares rose by +6% [4] - Coca-Cola (KO) reported earnings of 87 cents per share, beating expectations of 83 cents, but revenues of $12.54 billion fell short by -0.44%, leading to a modest decline in shares [5] - Sherwin-Williams (SHW) missed earnings expectations by -10.11% with earnings of $3.38 per share, although revenues of $6.31 billion slightly exceeded estimates by +0.49%, resulting in a -4% drop in shares [6] Upcoming Earnings Expectations - Key earnings reports expected after market close include Texas Instruments (TXN), Capital One (COF), and Intuitive Surgical (ISRG). TXN anticipates double-digit growth in both earnings and revenues, COF expects over +20% growth, and ISRG forecasts +8% earnings growth and +16.8% revenue growth [7]
General Motors Delivers Q2 Beat, Braces For Higher Tariff Pressures Ahead
Benzinga· 2025-07-22 15:10
Shares of General Motors Co GM tanked in early trading on Wednesday, despite the company surpassing revenue and earnings estimates.The General Motors Analyst: Wedbush analyst Daniel Ives maintained an Outperform rating and price target of $55.The General Motors Thesis: The company reported revenues of $47.12 billion, down 2% year-on-year, but significantly higher than Street expectations of $45.84 billion, driven by "strong demand for its vehicles and stable vehicle pricing," Ives said in the note.Check out ...
Coca-Cola earnings top estimates, GM feels tariff pressure
Yahoo Finance· 2025-07-22 14:43
Morning Brief: Market Sunrise anchor Ramzan Karmali breaks down the latest international finance news for July 22, 2025. Coca-Cola reported second quarter results that topped estimates. The company plans to start using more cane sugar in its drinks, but will not completely drop high fructose corn syrup. General Motors beat Q2 earnings expectations, but President Trump's tariffs added $1.1 billion in costs in the second quarter. The company expects a $4 to 5 billion tariff impact this year. #youtube #stocks ...
Auto Stock Eyes Worst Day Since March After Earnings
Schaeffers Investment Research· 2025-07-22 14:33
General Motors Co (NYSE:GM) stock is down 7% at $49.58 this morning, sliding lower despite the vehicle manufacturer's second-quarter earnings and revenue beat. Tariffs impacted as much as $1.1 billion and quarterly profit fell 35% in Q2. Today's pullback has put GM into the red for 2025, down 6.7%, and on track for its lowest close in nearly a month. Should these losses hold, General Motors stock will be on pace to log its worst daily drop since March 27.Traders have been flocking to the options pits in res ...
【新能源周报】新能源汽车行业信息周报(2025年7月14日-7月20日)
乘联分会· 2025-07-22 14:28
Industry Information - CATL and BYD's Fudi Battery have partnered with BHP to accelerate the electrification of the global mining industry, focusing on electric mining equipment and fast-charging infrastructure [7][8] - As of June 2025, the total number of motor vehicles in China reached 460 million, with 55 million drivers, marking a record high in new energy vehicle registrations [9][10] - China's new energy vehicle ownership reached 36.89 million by June 2025, accounting for 10.27% of total vehicles, with a year-on-year growth of 27.86% in new registrations [9][10] - The export volume of automobiles from China increased by over 10% in the first half of 2025, totaling 3.083 million vehicles [11] - Rho Motion reported that global new energy vehicle sales reached 9.1 million in the first half of 2025, with China contributing 5.5 million, a 32% increase year-on-year [12][13] Policy Information - Gansu province has adjusted the pricing mechanism for electric vehicle charging services to a model of "electricity cost + service fee," effective from August 1, 2025 [25][26] - The State Council has mandated the establishment of a working group to regulate competition in the new energy vehicle industry, focusing on cost investigation and price monitoring [17] - The Ministry of Industry and Information Technology will assist companies in rapid listing verification and precise subsidies for vehicle trade-ins [14][15] - New energy vehicle charging infrastructure subsidies have been announced in various regions, including a 1.49 million yuan subsidy in Zhejiang and a 960,000 yuan subsidy in Shanxi [39][40] Company Information - Xpeng Motors has completed a $250 million Series B financing round to accelerate the development and mass production of its flying car [16] - NIO has launched the world's highest-altitude battery swap station in Tibet, enhancing its service network [7] - Geely has signed a merger agreement with Zeekr Technology, aiming to strengthen its market position [7] - Ideal Auto reported a cash reserve of 110.7 billion yuan, leading in the number of self-built fast-charging stations among automakers [7] - The first model of Huawei's HarmonyOS vehicle, named Shangjie H5, has been officially announced [15]
GM(GM) - 2025 Q2 - Earnings Call Transcript
2025-07-22 13:32
Financial Data and Key Metrics Changes - The company reported record total revenue of $91 billion for the first half of 2025, driven by strong demand and stable vehicle pricing [25] - Adjusted EBIT for Q2 was $3 billion, down $1.4 billion year over year, primarily due to a net tariff impact of $1.1 billion [32][33] - Adjusted automotive free cash flow was $2.8 billion, down $2.5 billion year over year, mainly due to tariff payments and lower dealer inventory levels [33] Business Line Data and Key Metrics Changes - North America revenue reached a record nearly $77 billion for the first half, slightly up year over year [26] - The Chevrolet Equinox gained nearly six points of retail market share year over year, with total sales rising more than 20% compared to the same period last year [12][28] - GM International delivered adjusted EBIT of $200 million in Q2, an increase of $150 million year over year, driven by improved profitability from China equity income [39] Market Data and Key Metrics Changes - GM's U.S. market share reached 17.3% in the first half of the year, marking a 1.2 percentage point increase year over year [28] - The company was the only foreign OEM to gain market share in China, reporting positive equity income and strong performance in new energy vehicles [10][39] - The overall U.S. industry saw a spike in demand due to tariff-related sales pull ahead, with a full-year outlook of 16 million units [10] Company Strategy and Development Direction - The company aims to grow its U.S. manufacturing footprint and domestic supply chain while strengthening its international business [7][19] - GM is focusing on innovation in batteries, software, and autonomous technology, with significant investments in U.S. assembly plants to increase capacity [19][30] - The company is committed to improving EV profitability through advancements in battery technology and vehicle design [47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to adapt to new trade and tax policies [7] - The company anticipates a stable pricing environment and expects to offset at least 30% of the tariff impact through strategic actions [43][45] - Management highlighted the importance of a flexible manufacturing footprint to adjust to changing demand in both ICE and EV markets [21][46] Other Important Information - The company has booked $4 billion of deferred revenue from software services, which will be recognized over time [15] - GM's projected Super Cruise revenue is expected to exceed $200 million in 2025 and double in 2026 [16] - The company is investing in battery joint ventures to enhance its supply chain resilience and reduce costs [22] Q&A Session Summary Question: Can you walk through the accounting for the $600 million related to EVs? - Management explained that the adjustment reflects potential losses on inventory due to market expectations and pricing pressures [50][52] Question: What would be the impact if tariffs with key countries were lower? - Management indicated that lower tariffs would have an immediate positive impact on the company's financials, with ongoing efforts to mitigate tariff impacts [54][56] Question: How do you reconcile pricing assumptions for the second half? - Management noted that fleet pricing normalization is expected, while retail pricing remains stable, supporting their pricing strategy [64][66] Question: What is the strategy for EV profitability given regulatory changes? - Management emphasized a strategic EV portfolio covering various market segments and ongoing efforts to improve EV profitability through cost efficiencies [70][72] Question: How will tariff impacts evolve beyond this year? - Management expects that ongoing investments in U.S. manufacturing will help mitigate tariff costs in the future, although it is too early to predict exact outcomes [80][82]
GM(GM) - 2025 Q2 - Earnings Call Transcript
2025-07-22 13:30
Financial Data and Key Metrics Changes - The total company revenue for the first half reached a record $91 billion, driven by strong demand and stable vehicle pricing [24] - Adjusted EBIT for the quarter was $3 billion, down $1.4 billion year over year, primarily due to a net tariff impact of $1.1 billion [32][33] - Adjusted automotive free cash flow was $2.8 billion, down $2.5 billion year over year, mainly due to tariff payments and lower dealer inventory levels [33] Business Line Data and Key Metrics Changes - North America revenue was nearly $77 billion for the first half, slightly up year over year, with U.S. market share reaching 17.3%, a 1.2 percentage point increase [25][28] - The Chevrolet Equinox saw total sales rise more than 20% compared to the same period last year, gaining nearly six points of retail market share year over year [10][28] - GM International delivered second quarter adjusted EBIT of $200 million, an increase of $150 million year over year, driven by improved profitability from China [39] Market Data and Key Metrics Changes - In China, GM reported its second consecutive quarter of year-over-year sales growth, being the only foreign OEM to gain market share [7][8] - The U.S. automotive industry saw a spike in demand due to tariff-related sales pull ahead, particularly in April and May, before normalizing in June and July [8] Company Strategy and Development Direction - The company aims to grow its U.S. manufacturing footprint and domestic supply chain while strengthening its international business and innovating in batteries, software, and autonomous technology [6][7] - A $4 billion investment in U.S. assembly plants will add 300,000 units of capacity for high-margin vehicles, helping to reduce tariff exposure and meet customer demand [16][19] - The company is focused on improving EV profitability through new battery chemistries and lighter vehicle architectures [47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience and ability to adapt to new trade and tax policies, with a focus on long-term profitability in electric vehicle production [6][19] - The guidance for EBIT adjusted remains in the range of $10 billion to $12.5 billion, with EPS diluted adjusted expected between $8.25 and $10 per share [40] Other Important Information - The company has booked $4 billion of deferred revenue from software services, which will be recognized over time [13] - The projected Super Cruise revenue is expected to exceed $200 million in 2025 and more than double in 2026 [14] Q&A Session Summary Question: Can you walk through the accounting for the $600 million related to EVs? - The adjustment reflects potential losses on inventory due to market expectations and pricing pressures, which is expected to improve as inventory stabilizes [50][52] Question: What would be the impact if tariffs with key countries were reduced? - A reduction in tariffs would have an immediate positive impact, and the company expects to offset at least 30% of the tariff impact through strategic actions [54][56] Question: How do you reconcile pricing assumptions for the second half? - The company maintains a pricing assumption of a 0.5% to 1% increase for the year, despite challenges in fleet pricing due to increased competition [63][66] Question: What is the strategy for EV profitability given regulatory changes? - The company is focused on improving EV profitability through battery technology advancements and lighter vehicle designs, while also maintaining a diverse EV portfolio [70][73] Question: How will tariff impacts evolve beyond this year? - The company anticipates that tariff costs may decrease as trade deals are finalized and production adjustments are implemented [80][82]
X @The Wall Street Journal
The Wall Street Journal· 2025-07-22 13:10
Breaking: General Motors' profit shrank 35% last quarter after taking a $1.1 billion tariff hit https://t.co/Kk9NYPTsbI ...