Photo: New York Public Library
The market likes its first blink look at General Motors earnings.The company has posed EPS of $0.90, well above the $0.75 that analysts had expected.
GM earnings are always a bit complicated, but the market likes the result.
The stock is up over 3% in the pre-market.
From the release:
“Our results in North America, our International Operations and at GM Financial were solid but we clearly have more work to do to offset the headwinds we face, especially in regions like Europe and South America,” said GM chairman and CEO Dan Akerson. “Despite the challenging environment, GM has now achieved 10 consecutive quarters of profitability, which is a milestone the company has not achieved in more than a decade.”