General Motors (GM) Tops Q3 EPS by 31c

General Motors (NYSE: GM) reported Q3 EPS of $1.50, $0.31 better than the analyst estimate of $1.19. Revenue for the quarter came in at $38.8 billion versus the consensus estimate of $38.78 billion.

Segment EBIT-Adjusted Results

• GM North America reported record levels for EBIT-adjusted of $3.3 billion, EBIT-adjusted margin of 11.8 percent and net revenue of $27.8 billion. This compares with EBIT-adjusted of $2.5 billion and EBIT-adjusted margin of 9.5 percent a year ago.
• GM Europe reported EBIT-adjusted of $(0.2) billion compared with $(0.4) billion in the third quarter of 2014.
• GM International Operations reported EBIT-adjusted of $0.3 billion, about equal to a year ago. Results included China equity income of $0.5 billion, which generated a 9.8 percent net income margin.
• GM South America reported EBIT-adjusted of $(0.2) billion compared with approximately break-even results in the third quarter of 2014.
• GM Financial reported earnings before tax of $0.2 billion, about equal to a year ago, and posted record net revenue of $1.7 billion.

For earnings history and earnings-related data on General Motors (GM) click here.

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