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Share Name | Share Symbol | Market | Type |
---|---|---|---|
General Motors Company | NYSE:GM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.08 | 0.18% | 44.75 | 896 | 12:48:53 |
By Mike Colias
General Motors Co. doubled its net income and notched record revenue in the third quarter amid strong truck sales in its home U.S. market and continued strength in China, but the auto maker signaled continued weakness in Europe due to Brexit fallout.
GM on Tuesday posted net income attributable to common shareholders of $2.77 billion for the period ended Sept. 30, up from $1.36 billion reported in the same period a year ago. The Detroit auto maker said operating profit excluding one-time factors equaled $1.72 a share, breezing past Wall Street expectations of $1.45 a share.
Revenue rose 10% to $42.83 billion, a quarterly record for the company. That topped analysts' average forecast of $39.3 billion.
Write to Mike Colias at Mike.Colias@wsj.com
(END) Dow Jones Newswires
October 25, 2016 07:53 ET (11:53 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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