The automaker reported net income excluding items of 67 cents a share. Analysts surveyed by Thomson Reuters had estimated 87 cents. Revenue rose 3% to $40.5 billion. Analysts had estimated $41 billion.
Including a net loss from special items of 10 cents a share, GM earned 57 cents a share. In the same quarter a year earlier, GM earned 54 cents a share including a net gain from special items of 6 cents.
In premarket trading Thursday, GM shares were down $1.35 at $33.85.
"Launches of some of the best vehicles in our history combined with significant improvements in our core business led to a solid year," said CEO Mary Barra, in a prepared statement. "The tough decisions made during the year will further strengthen our operations. We're now in execution mode and our sole focus will be on delivering results on a global basis."
During the quarter, GM North America reported EBIT-adjusted of $1.9 billion, compared with $1.1 billion in the same quarter a year earlier. GM Europe reported EBIT-adjusted of $300 million, compared with $800 million a year earlier.
GM International Operations, which operates in Asia, reported EBIT-adjusted of $200 million, down from $700 million. GM South America reported flat EBIT-adjusted, compared with about $100 million a year earlier.
GM Financial reported earnings before taxes of $200 million, compared with about 100 million a year earlier.