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GM General Motors Company

44.75
0.08 (0.18%)
Pre Market
Last Updated: 12:48:53
Delayed by 15 minutes
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

General Motors Third-Quarter Earnings More Than Double

25/10/2016 1:08pm

Dow Jones News


General Motors (NYSE:GM)
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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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