7:41aGM Q3 revenue $37.6 bln vs. $36.7 bln
7:41aGM Q3 net 89c vs. $1.03
7:41aGM takes 4c in Q3 special items
Umm what? I know its early but.... what earnings? last day of month - windows dressing time and more Enron style accounting for the sheep.
General Motors Co. GM +4.81% said Wednesday its third-quarter profit fell to $1.5 billion, or 89 cents a share, from $1.7 billion, or $1.03 a share, in the year-ago period. Breaking out one-time items of 4 cents a share, GM earned 93 cents a share in the latest quarter. Revenue increased to $37.6 billion from $36.7 billion in the year-ago period. Wall Street analysts expected GM to earn 60 cents a share with revenue of just under $36 billion, according to a survey by FactSet. "GM had a solid quarter," said Chief Executive Dan Akerson. "We're...seeing green shoots take hold on tough issues like complexity reduction, pensions and Europe.
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