GM Top Profit Expectations, Raises Forecast on Robust Truck Demand
GM top profit has exceeded Wall Street’s profit expectations. This was driven by strong demand for its trucks in North America. The automaker reported big earnings growth for the recent quarter. This led it to raise its full-year profit forecast. GM’s earnings per share for the quarter reached $2.62, surpassing the anticipated $1.88. The company also raised its yearly profit outlook. It’s now $9.50 to $10.50 per share.