General Motors Third-Quarter Earnings More Than Double

By Mike Colias

General Motors Co. doubled its net income and notched record revenue in the third quarter amid strong truck sales in its home U.S. market and continued strength in China, but the auto maker signaled continued weakness in Europe due to Brexit fallout.

GM on Tuesday posted net income attributable to common shareholders of $2.77 billion for the period ended Sept. 30, up from $1.36 billion reported in the same period a year ago. The Detroit auto maker said operating profit excluding one-time factors equaled $1.72 a share, breezing past Wall Street expectations of $1.45 a share.

Revenue rose 10% to $42.83 billion, a quarterly record for the company. That topped analysts' average forecast of $39.3 billion.

Write to Mike Colias at Mike.Colias@wsj.com

(END) Dow Jones Newswires

October 25, 2016 07:53 ET (11:53 GMT)

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