General Motors Company (GM) Q2 Profit Beats Estimates

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HFA Staff
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General Motors Company (NYSE:GM) led the way on earnings by posting a profit of 84 cents a share, nine cents ahead of estimates. That was good enough to send shares 2.3 percent higher in pre-market trading. On Thursday, General Motors Company (NYSE:GM) posted a stronger-than-expected quarterly profit, reflecting strong demand in North America and cost-cutting in its struggling European business. General Motors Company (NYSE:GM) said it earned $1.2 billion during the second quarter, down from $1.5 billion in the same period a year ago, but better than analyst estimates when factoring in special items that cost $200 million. Revenue rose 4% to $39.1 billion…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.