General Motors (GM) reported profit jumped in the third quarter, driven by record revenue and robust demand.
For the quarter, GM reported revenue of $41.89 billion, just slightly below analyst expectations of $42.37 billion, but still a record amount for the automaker.
GM’s adjusted third quarter EPS came in at $2.25, well ahead of expectations of $1.89, with adjusted net income jumping nearly 50% to $4.3 billion.
What has surprised some on the Street is GM reaffirming its full-year EBIT…
Source link
