Investing.com - U.S. automaker General Motors reported lower-than-expected fourth-quarter earnings, it announced early Thursday, sending its shares lower in pre-market trade.
Earlier in the day, in its fourth quarter earnings report, General Motors said adjusted earnings per share came in at USD0.48, compared to expectations for earnings of USD0.51 per share.
The firm’s fourth quarter came in at USD39.3 billion, above expectations for revenue of USD39.15 billion.
Following the release of the report, GM shares lost 1% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was lower. The Dow Jones Industrial Average futures pointed to a loss of 0.45% at the open, S&P 500 futures lost 0.4%, while the Nasdaq 100 futures indicated a drop of 0.45% at the open.
Earlier in the day, in its fourth quarter earnings report, General Motors said adjusted earnings per share came in at USD0.48, compared to expectations for earnings of USD0.51 per share.
The firm’s fourth quarter came in at USD39.3 billion, above expectations for revenue of USD39.15 billion.
Following the release of the report, GM shares lost 1% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was lower. The Dow Jones Industrial Average futures pointed to a loss of 0.45% at the open, S&P 500 futures lost 0.4%, while the Nasdaq 100 futures indicated a drop of 0.45% at the open.