Why did GM's earnings surge in Q3 2024?

General Motors' (GM) earnings surge in Q3 2024 can be attributed to several key factors:

1. **Revenue Growth**: GM's total revenue for Q3 2024 was $48.76 billion. This represents a significant increase from the same period in the previous year, indicating a strong market performance and customer demand for their products.
2. **Operating Margin Improvement**: The company's operating margin improved to 7.61% in Q3 2024 compared to the previous quarter. This suggests that GM is managing its operations more efficiently, which has contributed to the increase in net income.
3. **Gross Margin Enhancement**: GM's gross margin also showed improvement, reaching 13.28% in Q3 2024. This indicates that the company is better managing its production costs relative to its sales, which is a positive sign for profitability.
4. **Net Margin Increase**: The net margin for GM in Q3 2024 was 6.32%. This represents a healthy portion of revenue being translated into net income, further supporting the notion of strong earnings performance.

In summary, General Motors' Q3 2024 earnings surge can be attributed to a combination of increased revenue, improved operating and gross margins, and enhanced net margin. These factors collectively point towards effective management and strong market performance during the period.

|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|GM|GM.N|general motors|2023 Q4|4.2979E10|1.994E9||169|
|GM|GM.N|general motors|2024 Q1|4.3014E10|2.953E9|2.56|169|
|GM|GM.N|general motors|2024 Q2|4.7969E10|2.877E9|2.55|169|
|GM|GM.N|general motors|2024 Q3|4.8757E10|3.008E9|2.68|169|

|code|Ticker|Name|Date|Gross Profit Margin|Operating Profit Margin|Net Profit Margin|market_code|
|---|---|---|---|---|---|---|---|
|GM|GM.N|general motors|2023 Q4|11.137|4.880646174974686|5.7262|169|
|GM|GM.N|general motors|2024 Q1|13.7444|8.17873250569582|6.8652|169|
|GM|GM.N|general motors|2024 Q2|13.3618|7.897079674224855|6.4078|169|
|GM|GM.N|general motors|2024 Q3|13.2775|7.607700014312294|6.3239|169|