By Mike Colias

General Motors Co. said the nationwide strike at its U.S. factories will erode the bottom line by nearly $3 billion this year, even as it posted third-quarter results that easily surpassed analysts' forecasts.

GM's third-quarter pretax profit, adjusted for one-time items, fell 6%, to $3.0 billion. Lost production and other costs related to the United Auto Workers strike of more than 46,000 U.S. factory workers, which halted production for the final two weeks of the quarter, dented profits by $1 billion.

The auto maker's pretax earnings per share for the quarter was $1.72 versus the $1.31 average estimate of Wall Street analysts. Net income fell 8%, to $2.3 billion. Revenue slipped 1%, to $35.5 billion.

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

(END) Dow Jones Newswires

October 29, 2019 08:20 ET (12:20 GMT)

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