Investing.com - General Motors (NYSE:GM) reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.87 on revenue of $35.8B. Analysts polled by Investing.com expected EPS of $1.24 on revenue of $35.3B. That compared to EPS of $1.32 on revenue of $33.62B in the same period a year earlier. The company had reported EPS of $1.81 on revenue of $36.76B in the previous quarter.
General Motors shares gained 8.35% to trade at $36.34 in pre-market trade following the report.
For the year, General Motors shares are down 18.18%, under-performing the S&P 500 which is down 0.04% year to date.
General Motors follows other major Consumer Cyclical sector earnings this month
On Tuesday, Volkswagen (DE:VOWG_p) 10 Pref ADR reported third quarter EPS of $5.32 on revenue of $55.2B, compared to forecasts of EPS of $1.32 on revenue of $69.12B.
Sony ADR earnings beat analyst's expectations on Tuesday, with second quarter EPS of $1.21 on revenue of $19.36B. Investing.com analysts expected EPS of $0.9 on revenue of $19.11B
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