US automaker General Motors beat third-quarter earnings expectations and held full-year guidance on Tuesday.
The company GM reaffirmed its guidance for full-year net income of $9.6bn-$11.2bn and full-year diluted earnings per share of $5.76-$6.76.
Diluted earnings per share in the third quarter came in at $2.25 against estimates of $1.88.
Revenue for the period was $41.9bn from $26.8bn a year ago and against expectations of $42.22bn. Net income rose to $3.3bn compared with $2.4bn last year.
Chief financial officer Paul Jacobson said the company expects to hit the “mid-point” of its earnings guidance for the year.
Reporting by Frank Prenesti for Sharecast.com
