After having delayed its Q1 results for a while, General Motors (NYSE:GM) will be reporting (finally) Q1 numbers this morning at 8:30am EDT. What is in store for the world's second-largest automaker? Consensus analyst estimated peg GM's Q1 earnings per share figure at an average of $0.90, with a range of $0.47 to $1.30. That range is certainly all over the map, and the automaker's delay in filing sure has guesses running around.As Jonathan noted earlier today, GM's Q1 figures were, well, not impressive. Q1 profit fell to $62 million on the backs of GM's mortgage business (GMAC), which has been dragged down as the housing mortgage business semi-implodes (made possible by subprime loans).
GM's Q1 revenue was expected to be about $40.88 billion in automotive sales, but the actual figure came in at $43.9 billion. The EPS figure was down sharply though from estimates at $0.17 -- quite a bit off the $0.90 mark. What will GM have to say about it all? Stay tuned below and find out. Remember to use the "Refresh" key on your keyboard to see all the updates every few minutes. All times below are in EST.
9:30am -- waiting on the GM Q1 call to begin...
9:32am -- call is starting with all the usual "forward-looking statements" and all the other garb.
9:34am -- the generalities of GM's Q1 period are being glossed over by GM exec Frtiz Henderson. Read the specifics here in GM's press release.
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