GM strengthens cash-flow outlook and authorizes another $20 billion of buybacks
General Motors ($GM) reported quarterly revenue of $50 billion, net income of $3.3 billion and adjusted operating earnings of $4.1 billion. It raised its full-year automotive adjusted free-cash-flow range to $11.5–12.5 billion from $9.5–11.5 billion. Adjusted earnings-per-share guidance moved to $12.75–13.75 from $12–14, while the adjusted operating-profit range narrowed to $14.5–15.5 billion from $14–16 billion without changing its midpoint. The board also authorized a new $20 billion share-rep
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