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GM Loses $15.5B, Stuns Street

$27.33 per-share loss much worse than analysts predicted

By Kevin Spak, Newser Staff

Posted Aug 1, 2008 8:20 AM CDT

(Newser) – General Motors stunned Wall Street today, reporting a $15.5-billion second-quarter loss—a figure far worse than anything analysts had predicted—as sales collapsed on the company's most profitable products, trucks and SUVs. Prognosticators had estimated the automaker would lose $2.62 per share, excluding... Read full story »

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GM Loses $15.5B, Stuns Street

$27.33 per-share loss much worse than analysts predicted

General Motors • earnings reports • second quarter earnings • auto industry

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