General Motors beats Q4 earnings estimates

DETROIT (Reuters) – General Motors posted higher than expected quarterly profit on Wednesday, driven by robust demand for trucks and SUVs amid the coronavirus pandemic.

America’s largest automaker posted fourth-quarter profit of $ 2.8 billion (€ 2.31 billion), after posting a loss of $ 194 million a year earlier.

On an adjusted basis, General Motors’ earnings per share rose to $ 1.93 per share, above the $ 1.64 expected by analysts, according to data from Refinitiv.

In pre-market transactions, General Motors stock erased its initial gains and fell 0.6%.

(Ben Klayman and Paul Lienert, Juliette Portala for the French version, edited by Blandine Hénault)

Source: Challenges en temps réel : accueil by

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