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 www.challenges.fr.
*The article has been translated based on the content of Challenges en temps réel : accueil by www.challenges.fr. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!