General Motors: Despite Headwinds, 2019 Will Be Great
John Rosevear, The Motley FoolMotley FoolJanuary 18, 2019, 2:06 AM GMT. General Motors (NYSE: GM) won't release its complete fourth-quarter and full-year 2018 earnings report until Feb. 6. But in a briefing for analysts last Friday, CFO Dhivya Suryadevara said that GM did better than expected in 2018 -- and it expects to do even better in 2019. GM's 2018 EPS: Better than it thought. As recently as October, Suryadevara had given fairly conservative guidance for the full year. ("Adjusted" figures exclude the effects of one-time items; "automotive" figures exclude results related to subsidiaries GM Financial and Cruise Automation.). But the good news, Suryadevara said last week, is that the company did somewhat better than it had expected. While GM's results weren't yet final, she said she expected adjusted earnings per share to "exceed the high end of the range" and adjusted automotive free cash flow to be higher than $4 billion.