GM Quarterly Profit Misses, Blames Unaccounted Restructuring Costs

Shares of General Motors are falling on Thursday after reporting lower-than-expected fourth-quarter earnings. The automaker reported adjusted earnings of $0.67 cents a share, widely missing analysts' expectations of $0.88 cents a share, according to Thomson Reuters. Profit in the company's North American, South American and international operations missed forecasts as well. The company largely attributed the weaker-than-expected results to analysts' failure to account for restructuring costs in their estimates.

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