GM 1Q earnings rise on North America strength

April 21, 2016 11:31 AM

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General Motors Co.’s first quarter net income of $1.95 billion strongly exceeded analyst expectations as the automaker Thursday reported break-even results in Europe and improved results in all of its regions from the same period a year ago.

The automaker’s earnings of $1.24 per share in the quarter, or a first quarter record $1.26 a share when adjusted for special items related to litigation expenses, eclipsed analysts predictions that GM would earn $1a share on flat revenue in the January-March period.

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