Earnings season: POST forecast for General Motors and ChevronStaff Writer | April 28, 2017
One giant from the auto industry and another from the oil exploration sector are the today's stars of the earnings season.
Earnings season The auto industry and oil exploration
In the last quarter, General Motors posted a positive earnings surprise. is striving to improve its results through the launch of new vehicles, expansion of business, reduction of costs and improved efficiency in core operations.
In addition, the company is focused on investing in innovative technologies and vehicles, which should drive sustained growth.
POST forecast is EPS $1.45 and revenue $42.02 billion.
Chevron is one of the worst performing Dow stocks so far in 2017. On one hand, the second-largest U.S.-based oil company after Exxon doesn't have a great track record when it comes to earnings.
On the other hand, the company has managed to beat the broader industry across the past six months- and 1-year periods.
Signals are mixed but POST forecast is EPS $0.85 and revenue $34.16 billion. ■