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General Motors rallies premarket after earnings beat

Published 02/03/2016, 08:37 AM
GM
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Investing.com - General Motors (N:GM) reported quarterly earnings and revenue that topped analysts' expectations on Wednesday, sending its shares higher in premarket trade.

The U.S. automaker posted fourth-quarter earnings per share of $1.39, compared to $1.19 a share in the same period a year earlier.

Revenue for the quarter came in at $39.6 billion, from $39.62 billion in the year-earlier period.

Analysts had expected the company to report earnings of $1.21 a share on $39.03 billion in revenue.

GM reported record North American profits for 2015, boosted by sales of SUVs and pickup trucks.

GM shares rose 2.53% in pre-market trade to $30.40 from a closing price of $29.65 on Tuesday.

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