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General Motors rallies 2.5% after Q4 earnings beat

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Investing.com -

Investing.com - U.S. automaker General Motors (N:GM) reported better than expected fourth quarter earnings and revenue ahead of Wednesday's opening bell, sending its shares higher in pre-market trade.

General Motors said adjusted earnings per share came in at $1.39 in the three months ended December 31, surpassing expectations for earnings of $1.20 per share and up 17% compared to $1.19 per share for the fourth quarter of 2014..

The automaker's fourth quarter revenue totaled $39.6 billion, beating forecasts for revenue of $39.34 billion and approximately equal to the fourth quarter of 2014.

"The fourth quarter closed another very strong year of operating performance," said Chuck Stevens, executive vice president and CFO.

Following the release of the report, GM shares rose 75 cents, or 2.53%, in pre-market trade to $30.40 from a closing price of $29.65 on Tuesday. Meanwhile, U.S. stock futures pointed to a higher open. The Dow futures rose 35 points, or 0.22%, the S&P 500 futures tacked on 6 points, or 0.29%, while the Nasdaq 100 futures advanced 5 points, or 0.11%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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