General Motors stock rises after earnings crush estimates
GM’s quarterly revenue is $4 billion more than the consensus. General Motors Co.’s stock spike 7.7% early Tuesday after the auto giant blew past estimates for the the 4th quarter and offered upbeat guidance.
The company GM 9.27% posted net income of $2.102 billion or $1.59 a share for the quarter up from $1.999 billion or $1.39 a share, in the year earlier period.
Revenue fell to $42.980 billion from $43.108 billion.