Market Overview

UPDATE: General Motors Posts Upbeat Q1 Earnings

Related GM
9 Headlines That Suggest Subprime Auto Loans Are Becoming A Big Deal
Citi Stays Neutral On Ford Shares, Prefers GM
HDLV: Verizon's Gone... What's Going On? (Seeking Alpha)

General Motors Co (NYSE: GM) reported better-than-expected first-quarter earnings.

GM's quarterly profit slipped to $100 million, or $0.06 per share, versus a year-ago profit of $900 million, or $0.58 per share.

Its revenue climbed to $37.4 billion versus $36.9 billion. However, analysts were estimating earnings of $0.03 per share on revenue of $37.44 billion.

GM shares gained 1.77% to $35.00 in pre-market trading.

Posted-In: profitEarnings News


Related Articles (GM)

View Comments and Join the Discussion!