Friday, April 28, 2017

GM Q1 Results Climb, Top Estimates; Backs FY17 Adj. EPS View

Automaker General Motors Co. reported Friday significantly higher profit in its first-quarter with strong growth in automotive and financial sales and higher volume. Earnings per share and revenues topped market estimates. Further, the company backed its fiscal 2017 adjusted earnings view. In pre-market activity on the NYSE, GM shares were gaining 1.94 percent.

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