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General Motors Trades Higher On Q1 Earnings

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General Motors Trades Higher On Q1 Earnings

General Motors (NYSE: GM) shares are trading higher on Wednesday, after the company reported better-than-expected first-quarter sales results.

The company reported quarterly earnings of 62 cents per share, which may not compare to the analyst consensus estimate of 33 cents. This is a 56% decrease over earnings of $1.41 per share from the same period last year.

The company reported quarterly sales of $32.7 billion, which beat the analyst consensus estimate of $31.12 billion by 5.08%. This is a 6.24% decrease over sales of $34.878 billion the same period last year.

GM shares were trading up 6.30% at $22.60 in Wednesday's pre-market session. The stock has a 52-week high of $41.90 and a 52-week low of $14.32.

Related Links:

Ford Analysts React To Earnings: 'Potential Liquidity Crunch Looming'

GM Cuts Dividend, Share Buybacks

 

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