GM Smashes Earnings Expectations

Business Insider

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GM's Q2 financial results are out.

Earnings came in at $0.84 per share, which is stronger than the $0.75 expected by analysts.

Revenue came in at $39.1 billion, which was a tad higher than the $38.3 billion expected.

"We continue to perform well in the world's two most important markets, the U.S. and China," said CEO Dan Akerson. "We also made further progress in our European business and saw the steady performance of our global brands Chevrolet and Cadillac. For the rest of the year, we'll focus on winning customers with high-quality vehicles at a compelling value."

The stock is up 2% in premarket trading.



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