GM puts up a booming third quarter
AP
DETROIT — General Motors is posting huge third quarter numbers, pulling in $4 billion in profit over three months after losing money because of the virus outbreak.
GM’s adjusted earnings were $2.83 per share, easily outpacing Wall Street’s per-share projections of $1.72, according to a survey by FactSet.
Revenue of $35.5 billion also edged out most expectations.
Shares jumped almost 5% before the opening bell Thursday.
The profit reversed an $806 million loss posted by GM in the second quarter as the company restarted factories that were shuttered by the novel coronavirus.
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