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GM shares jump 3% premarket as profit blows past estimates to offset revenue miss

GM shares jump 3% premarket as profit blows past estimates to offset revenue miss

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General Motors shares GM, -0.68% jumped 3% in premarket trade Wednesday, after the company blew past profit estimates for the third quarter and offered above-consensus guidance for the full year, offsetting a revenue miss. GM said it had net income of $2.420 billion, or $1.62 a share, in the quarter, down from $4.045 billion, or $2.78 a share, in the year-earlier period.

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