Tuesday, October 24, 2017

GM Slips To Net Loss In Q3; Adj. EPS Tops View

General Motors Co. reported a hefty net loss in its third quarter, compared to profit last year, reflecting a charge related to the sale of Opel / Vauxhall business. Net revenues were hurt by weak volume mainly in Europe. However, adjusted earnings per share topped market estimates significantly. In pre-market activity, GM shares were gaining around 2.6 percent.

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