DETROIT (AP) — DETROIT (AP) — General Motors Company (GM) on Tuesday reported a loss of $3.31 billion in its fourth quarter.
On a per-share basis, the Detroit-based company said it had a loss of $3.60. Earnings, adjusted for one-time gains and costs, were $2.51 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The an automotive manufacturer posted revenue of $45.29 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $46.13 billion.
For the year, the company reported profit of $2.7 billion, or $3.27 per share. Revenue was reported as $185.02 billion.
General Motors expects full-year earnings in the range of $11 to $13 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GM at https://www.zacks.com/ap/GM
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