General Motors (GM) reported a Q2 revenue of $48.02 billion, exceeding estimates of $46.55 billion, a nearly 2% increase year-over-year. Its adjusted EPS rose 41% to $3.57, surpassing expectations of $3.13. GM raised its full-year guidance for adjusted EBIT to $14 billion-$16 billion and adjusted EPS to $12-$14, bolstered by strong truck and SUV sales.
Ford Motor Company posted Q2 revenue of $44.89 billion, down from $46.94 billion a year earlier and below estimates of $45.71 billion. However, adjusted EPS rose to $0.42 from $0.37, beating forecasts by 27%. Ford raised its full-year adjusted EBIT forecast to $10 billion-$11 billion, up from $8.5 billion-$10.5 billion, aided by improved pricing and product mix despite lower sales volumes.
Both automakers have observed stock increases in October, with GM up 18% and Ford up 11%. As of the current reporting, GM’s trailing 12-month EBIT margin stands at 5.78%, above the industry average, while Ford achieves roughly 2.81%. Ford offers a dividend yield of 4.01%, contrasting with GM’s 0.8% yield.
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