General Motors Roars On Less Gloomy Europe Outlook
Posted on October 31, 2012 at 10:40 AM EDT
The largest U.S. automaker, General Motors (GM), offered a slightly less pessimistic outlook on Europe and saw a stronger South America results. That sent shares higher despite lower profits in the core North American market. GM posted adjusted third quarter earnings per share of 93 cents, down 9.8% from a year ago, but 33 cents above forecasts by analysts surveyed by Thomson Reuters. Revenue rose 2.45% to $37.6 billion. Analysts were expecting