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GM beats on earnings, with results powered by US truck market

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GM posted a quarterly net profit that handily beat market expectations, helped by US sales of high-margin pickup trucks, SUVs and crossovers.

reported second-quarter results that beat analysts expectations: $1.66 per share versus $1.44 anticipated.A weaker Chinese market, however, dragged down international profits.General Motors on Thursday posted a flat quarterly net profit that handily beat market expectations, helped by US sales of high-margin pickup trucks, SUVs and crossovers.

Of critical importance to the results were the automaker's new line of pickups, recently redesigned and now doing battle with similarly revamped vehicles from Ford and RAM.

 

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