Investing.com - U.S. automaker General Motors reported better-than-expected fourth quarter earnings ahead of Wednesday’s opening bell, sending its shares higher in pre-market trade.
General Motors said adjusted earnings per share came in at $1.19, easily surpassing expectations for earnings of 83 cents per share.
The automaker’s fourth quarter revenue totaled $39.6 billion, compared to forecasts for revenue of $40.33 billion.
“A strong fourth quarter helped us deliver very good core operating results in 2014 despite significant challenges we and the industry faced,” said GM CEO Mary Barra.
Following the release of the report, General Motors (NYSE:GM) shares rose 3.83% in pre-market trade to $35.28 from a closing price of $33.98 on Tuesday.
Meanwhile, the outlook for U.S. equity markets was downbeat. The Dow futures indicated a loss of 0.3% at the open, the S&P 500 futures pointed to a decline of 0.45%, while Nasdaq 100 futures shed 0.5%.