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The Economic Times
The Economic Times
Business

US Stocks: GM's core profit rises 22% on strength of pickup-truck business

General Motors' third-quarter results easily beat analyst expectations on the back of resolute shoppers who continue to spring for pricey pickups and SUVs.

The company on Tuesday said quarterly earnings before ​interest and tax, not including one-time items (adjusted EBIT) rose 22% from a year earlier, to $4.1 billion. That amounted to $3.70 per share, topping analyst expectations of $3.63, according to LSEG data.

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