GM posts a strong beat on third-quarter earnings

General Motors reported third-quarter earnings on Tuesday and at $1.72 per share on a diluted-adjusted basis, they beat analysts’ expectations of $1.44 per share.

Revenue was $42.8 billion for the quarter.

CFO Chuck Stevens pointed to a strong performance in both the US and China. “We’re very pleased with the results,” he said.

GM shares closed at $33 on Monday, up about 3%. The stock was flat in pre-market trading on Tuesday.

NOW WATCH: GE CEO Jeff Immelt: This one thing will drive the future of GE

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.