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

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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Here's what to expect when GM reports earnings before the bellShares of General Motors have risen more than 7% over the last 12 months and are up more than 21% since the beginning of the year. Expect more miracles
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »