General Motors Co GM shares are trading higher Tuesday after the company reported better-than-expected financial results.
General Motors reported third-quarter revenue of $41.89 billion, which beat average analyst estimates of $41.77 billion, according to Benzinga Pro. The company reported quarterly earnings of $2.25 per share, which beat average estimates of $1.89 per share.
“We’re delivering on our commitments and affirming our full-year guidance despite a challenging environment because demand continues to be strong for GM products and we are actively managing the headwinds we face,” said Mary Barra, chair and CEO of GM.
General Motors expects full-year adjusted earnings to be between $6.50 and $7.50 per share versus average analyst estimates of $6.79 per share. Full-year net income is expected to be between $9.6 billion and $11.2 billion.
GM Price Action: General Motors has a 52-week high of $67.21 and a 52-week low of $30.33.
The stock was up 3.28% at $36.89 Tuesday morning, according to Benzinga Pro.
Photo: courtesy of GM.
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