GM posts record Q3 revenue $41.9B, net income $3.3B, reaffirms FY guidance

General Motors Co

2022-Q3 EPS reported $4.73 revenue$113,627,000,000

Q3 net income $3.3B ($2.25 diluted EPS) vs. $2.4B ($1.62) a year ago; EBIT-adjusted $4.3B ($2.25 adj. EPS).
Record Q3 revenue $41.9B, up 56% YoY; GMNA EBIT-adjusted $3.9B (11.2% margin), GMI $334M.
GM Financial EBT-adjusted $911M (down from $1.1B); China equity income $330M, up from $270M.
Full-year EBIT-adjusted guidance reaffirmed at $13-15B; adj. automotive free cash flow $7-9B.
Cruise segment EBIT-adjusted loss $497M in Q3, compared to $286M loss in prior year.

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