GM Posts Strong Profit Beat, Reassuring Sign in Shaky Market
(Bloomberg) -- General Motors Co. reported fourth-quarter earnings that blew away estimates and reiterated the upbeat profit forecast for 2019 it gave last month. The shares rose in U.S. early trading.
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Market Reaction
The shares rose 2.5 percent to $40.62 in early U.S. trading. Through Tuesday, they had soared 13 percent since Jan. 10, the day before GM gave its surprise upbeat profit forecast for 2019.
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