GM investors gird for another big loss
By Shawn Langlois, MarketWatch
Last update: 2:35 p.m. EDT July 30, 2008
SAN FRANCISCO (MarketWatch) -- General Motors Corp. will show just how bad the state of its business has become on Friday when the struggling Detroit giant hands in what many on Wall Street expect to be a massive second-quarter loss.
On average, analysts polled by FactSet Research are looking for a loss of $2.85 a share with total revenue of $42.6 billion. For the year, Wall Street is expecting to see a whopping loss of $5.86 a share, with no annual profit projected until 2010.
If Ford Motor Co.'s second-quarter report from last week is any indication, "lousy" could be an understatement.
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