General Motors reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.72 on revenue of $35.47M. Analysts polled by expected EPS of $1.38 on revenue of $34.95B. That compared to EPS of $1.87 on revenue of $35.8B in the same period a year earlier. The company had reported EPS of $1.64 on revenue of $36.1B in the previous quarter.
General Motors shares gained 1.53% to trade at $37.20 in pre-market trade following the report.
General Motors follows other major Consumer Cyclical sector earnings this month
On October 23, Tesla reported third quarter EPS of $1.86 on revenue of $6.3B, compared to forecasts of EPS of $-0.46 on revenue of $6.43B.
Illinois Tool Works earnings beat analysts' expectations on Friday, with third quarter EPS of $2.04 on revenue of $3.48B. analysts expected EPS of $1.94 on revenue of $3.53B
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