NEW YORK (TheStreet) -- General Motors Co. (GM) - Get Report shares are rallying 4.78% to $35.08 on Wednesday after the automaker posted strong third quarter fiscal 2015 earnings results that came in above analysts' estimates.
In the latest quarter, the company earned $1.50 a share, beating analyst's estimates of $1.19 a share.
Revenue came in at $38.8 billion, topping analysts' estimates of $38.55 billion.
In the same period the year before, the company earned 97 cents a share on revenue of $39.3 billion.
Strong demand for trucks and SUVs boosted profits in the recent quarter.
However, year-over-year, sales slightly decreased due to falling volume in China.
"These results reflect our work to capitalize on our strengths in the U.S. and China, while taking decisive, proactive steps to mitigate challenges elsewhere," CEO Mary Barra stated.
Separately, TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate GENERAL MOTORS CO (GM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: GM