DETROIT (AP) — DETROIT (AP) — General Motors Company (GM) on Tuesday reported third-quarter profit of $1.33 billion.
The Detroit-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $2.80 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.
The an automotive manufacturer posted revenue of $48.59 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $44.27 billion.
General Motors expects full-year earnings in the range of $9.75 to $10.50 per share.
