GM Zooms Past Forecasts

Updated from 12:36 p.m. EDT

General Motors (GM Quote) won back fans on Wall Street Tuesday with second-quarter profits that trounced expectations.

Shares of the automaker recently were up 70 cents, or 2.2%, to $33.31, providing a modest lift after the stock was pummeled in last week's market selloff amid credit worries.

The company managed to swing to a profit despite more declines in revenue. While its key North American division recorded more bottom-line losses, the business turned out a surprise profit when one-time charges were excluded. ...