US earnings watch: GM sees profits nearly double

  • EPS $0.97 vs $0.95 exp
  • Revenue $39.3bn vs $39.02bn exp
  • Net profit $1.38bn vs $698m a year ago
  • North America and China earnings outweighed weakness in Europe and South America
  • 1st quarter in 2014 not to be affected by recalls

GM has taken some big hits on recalls this year so the good news would have been even better had they not had that to deal with. It’s another strong earnings report out of the States.

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