Over half the companies on the S&P 500 have delivered first quarter reports, and the print, so far, isn’t pretty. According to FactSet, blended earnings have declined by 13.7%, and if results remain the same, the quarter will represent the steepest decline in earnings since Q3 2009, (-15.7%).But there are always outliers, and ones you would not necessarily expect – particularly in the current climate.Which brings us to General Motors (GM). The auto giant sprung a surprise on Wall Street when it delivered a stronger than expected earnings report earlier this week. Following the company’s earnings call, RBC’s Jospeh Spak …read more
Source:: Yahoo Finance
