GM reports first full-year profit since 2004 (Reuters)
DETROIT (Reuters) – General Motors Co posted a fourth-quarter earnings slightly above expectations and its prototypal full-year acquire since 2004.
Profit for every of 2010 was $4.7 billion.
The crowning U.S. automaker reportable fourth-quarter net income of $510 million, or 31 cents per share, downbound from the measure of earnings in the prototypal three lodging of 2010.
Revenue in the lodge was $36.9 billion.
After adjusting for a expiration of 21 cents per deal on the purchase of preferred shares that had been held by the U.S. Treasury, adjusted earnings per deal were 52 cents.
Analysts polled by Thomson Reuters I/B/E/S on average had prognosticate adjusted acquire of 46 cents per deal on income of nearly $33 billion.
(Reporting by Kevin Krolicki; redaction by John Wallace)
Source
0 comments:
Post a Comment