GM Profits Beat Estimates as Favorable Signs Appear
Filed under: Company News, Earnings, Ford Motor Co, General Motors, Autos
General Motors (GM) on Wednesday reported a third-quarter profit that exceeded analyst expectations by a wide margin.
GM’s profit of $1.5 billion, or $0.89 a share, was less than the $1.7 billion it earned in the third quarter of last year. But it was well ahead of estimates by Wall Street analysts, who predicted that GM would earn about $0.60 a share for the quarter, according to a Bloomberg survey.
GM’s earnings were hurt by ongoing losses in Europe. But elsewhere, its business is showing…
GM Profits Beat Estimates as Favorable Signs Appear originally appeared on DailyFinance.com on 2012-10-31T15:29:00Z.
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