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GM BEATS EARNINGS EXPECTATIONS, SHARES RALLY

Rob WileApr 24, 2014, 17:11 IST

REUTERS/Rebecca Cook A man walks past a row of General Motors vehicles at a Chevrolet dealership on Woodward Avenue in Detroit, Michigan April 1, 2014.

GM earnings came in at $0.29/share, above to $0.04/share expected but well below the $0.58/share a year ago.

The company said higher truck prices had pulled up margins.

Revenues came in mostly in-line at $37.4 billion versus $37.9 billion expected.

Shares are up more than 1%.