Salem Radio Network News Friday, February 26, 2021

Business

GM reports stronger-than-expected quarterly profit

DETROIT (Reuters) – General Motors Co on Wednesday reported a higher-than-expected fourth-quarter profit on strong demand for trucks and SUVs during the COVID-19 pandemic.

GM said it earned $2.8 billion compared with a loss of $194 million in the prior year. On an adjusted basis, it earned $1.93 a share, above the $1.64 analysts polled by Refinitiv had expected.

(Reporting by Ben Klayman and Paul Lienert in Detroit; Editing by Nick Zieminski)

Previous
Next

Editorial Cartoons

View More »

Gary Varvel
Tue, Feb 16, 2021

X CLOSE