General Motors Company (NYSE:GM) was sliding about 2.5% lower intraday on Tuesday after printing worse-than-expected second-quarter EPS results.
The legacy-turning-EV maker blamed supply chain constraints and said 95,000 of its vehicles are sitting on the assembly line waiting for chips. For the quarter, GM reported earnings per share of $1.14 on revenues of $35.76 billion. On average, analysts estimated the company would report earnings per share of $1.30 on revenues of $34.59 billion.
