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| This is a discussion on GM profit falls 90% from same period a year ago within the Other Cars forums, part of the PriusChat Forums category; http://biz.yahoo.com/ap/070503/earns_gm.html?.v=25 http://www.detnews.com/apps/pbcs.dll/artic.../705040395/1148 http://www.pbs.org/nbr/site/onair/transcripts/070503a/ "Excluding special items, GM earned $0.17 a share in the first quarter, a far cry from the ... |
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GM profit falls 90% from same period a year ago
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05-04-2007, 02:31 AM
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| Senior Member  Join Date: Sep 2005 Location: Seattle area, WA
Posts: 2,309
My Car: 2006 Prius Model: N/A Package: #7 Thanks: 27
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Friends: 3 |  http://biz.yahoo.com/ap/070503/earns_gm.html?.v=25 http://www.detnews.com/apps/pbcs.dll/artic.../705040395/1148 http://www.pbs.org/nbr/site/onair/transcripts/070503a/ "Excluding special items, GM earned $0.17 a share in the first quarter, a far cry from the $0.87 Wall Street was expecting and the $0.62 GM earned during the same period last year..." I'm surprised the stock was only down 5%. If it were a tech stock, to miss by that much would cause a stock to be cut in half or even more. Some companies fall sharply for just meeting expectations or not beating them by enough.
__________________ 06 white package #7 (NL); 04 Daytona Blue Nissan 350Z Enthusiast trim; mom has 07 white NAH |
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