GM’s Rodney Dangerfield Moment – Wall Street Journal
Rodney Dangerfield should have said that automobile stocks don’t get no respect. General Motors’ first-quarter results provide an example.
GM reported total revenue of $37.3 billion and adjusted earnings per share of $1.26, well above analyst expectations. Strong sales in North America helped boost the top line, while GM also managed to generate some growth in Europe.
Still, the stock barely nudged higher. Investors continue…