Investing.com - U.S. automaker General Motors (NYSE:GM) reported better than expected third quarter earnings and revenue ahead of Tuesday’s opening bell, sending its shares higher in pre-market trade.
The world's largest automaker earned $1.32 a share on revenue of $33.6 billion in the June-Sept. period.
Analysts expected the automaker to bring in a profit of $1.11 a share. The revenue target was $32.8 billion.
The solid third-quarter performance in all operating segments was driven by robust results in North America and China, solid improvement in South America, continued growth of GM Financial and an intense focus on costs.
GM Chairman and CEO Mary Barra and Executive Vice President and CFO Chuck Stevens will host a conference call for investor analysts at 9AM ET (1300GMT) to discuss the results.
Following the release of the report, GM shares rose 2.7% in pre-market trade.