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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.

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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