Investing.com - U.S. automaker General Motors (NYSE:GM) reported better-than-expected second quarter earnings ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.
General Motors said adjusted earnings per share came in at $1.29, easily surpassing expectations for earnings of $1.06 per share.
The automaker’s second quarter revenue totaled $38.2 billion, compared to forecasts for revenue of $40.62 billion. The change in revenue is more than attributed to a negative net foreign currency exchange impact.
“The first two quarters of the year were strong as we fully capitalized on a robust North American industry and maintained our strength in China, despite the challenging conditions in that market,” said GM CEO Mary Barra.
Following the release of the report, GM shares rose 5.65% in pre-market trade to $32.00 from a closing price of $30.29 on Wednesday.
Meanwhile, U.S. stock market futures pointed to a flat open. The Dow futures indicated a loss of 0.05% at the open, the S&P 500 futures pointed to a rise of 0.05%, while Nasdaq 100 futures tacked on 0.15%.