GM Shares Are Taking A Hit After An Ugly Earnings Release

Shares of General Motors are sinking in pre-market trading following the release of quarterly earnings results that missed consensus Wall Street estimates on both the top and bottom lines.

Right now, shares are down more than 5%.

The company reported earnings per share of $0.67 in the quarter ended December 31, below consensus expectations of $0.87.

Revenues totaled $40.5 billion, below the $40.9 billion estimate.

More to come...