DETROIT (AP) 鈥� DETROIT (AP) 鈥� General Motors Company (GM) on Tuesday reported first-quarter earnings of $2.63 billion.
The Detroit-based company said it had net income of $2.82 per share. Earnings, adjusted for non-recurring costs, were $3.70 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.61 per share.
The an automotive manufacturer posted revenue of $43.62 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $43.94 billion.
General Motors expects full-year earnings in the range of $11.50 to $13.50 per share.
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