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GM posts a strong beat on third-quarter earnings

Matthew DeBordOct 25, 2016, 17:11 IST

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.

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