To: equaviator
GM announced that its second-quarter profits had nearly doubled, to $2.5 billion. To put that in context, in April 2010, GM reported losses of $4.3 billion. Revenue at GM rose 19 percent, to $39.4 billion. What? Is he saying they lost $4.3 billion AND made $39.4billion?
3 posted on
09/28/2011 5:15:46 PM PDT by
ColdOne
(I miss my poochie... Tasha 2000~3/14/11)
To: ColdOne
In the jargon of finance, revenue = sales
not profit.
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