GM Q1 earnings up but miss Street estimates

April 23, 2015 12:16 PM

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DETROIT — General Motors earned $945 million in the first quarter of 2015, more than four times better than $214 million a year earlier, but below Wall Street's expectations.

Revenue for the three-month period fell 4.5% to $35.7 billion, mainly because of a Venezuelan currency devaluation and the economic downturn in Russia where GM announced last month it would stop nearly all manufacturing, the company said Thursday.

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