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UPDATE: General Motors Posts Upbeat Q1 Earnings

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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

 

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