GM beats on earnings - stock moves higher

• General Motors reported fourth-quarter and full-year 2017 earnings on Tuesday.
• The carmaker reported earnings of $1.65 per share for the quarter, beating expectations.

General Motors reported fourth-quarter and full-year 2017 earnings on Tuesday and posted a substantial beat of analysts' expectations.

Adjusted earnings per share for the quarter came in at $1.65 on $37.7 billion of revenue.

Analysts had expected $1.42 per share.

"Improvements in all operating segments and an intense focus on cost reductions generated a record quarter and another record year," CFO Chuck Stevens said in a statement. "We plan to build on this momentum in 2018 and beyond as we focus on growth opportunities across many parts of our business."

GM shares moved slightly higher in pre-market trading Tuesday, to $40.

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