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General Motors rallies 2.6% after upbeat Q3 earnings report

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Investing.com -

Investing.com - U.S. automaker General Motors Company (NYSE:GM) reported better-than-expected third quarter earnings ahead of Thursday's opening bell, sending its shares higher in pre-market trade.

General Motors said adjusted earnings per share came in at 97 cents in the three months September 30, above expectations for earnings of 95 cents per share.

The automaker's third quarter revenue totaled $39.3 billion, beating forecasts for revenue of $39.02 billion.

In the third quarter, General Motor's global vehicle sales rose 2%, driven by strong demand from China and the U.S. This marks the company's best third quarter global sales since 1980.

Following the release of the report, GM shares rose 2.6% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow futures indicated a gain of 0.65% at the open, the S&P 500 futures pointed to a rise of 0.55%, while Nasdaq 100 futures tacked on 0.55%.

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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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