General Motors Beats Q3 Earnings and Revenue

Shares of General Motors were lower during Tuesday's session despite posting results that topped estimates in the latest quarter.
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Shares of General Motors (GM) - Get Report were lower during Tuesday's session despite posting better than expected earnings for the latest quarter. The U.S. automaker posted record revenue of $42.8 billion, which is an increase of $4 billion from a year earlier. Net profit for the period of $2.8 billion, was double that of a year ago, driven by strong performance in the U.S. and China. Earnings of $1.72 a share beat analysts' forecasts. The company said it sold 2.4 million vehicles globally, which is an increase of nearly 4% from a year ago. GM expects full-year earnings to be at the high range of its previous guidance of $5.50 to $6 a share.

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