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General Motors Company Q1 adjusted earnings Beat Estimates

General Motors Company (GM) announced a profit for its first quarter that rose from last year.

The company's profit came in at $2.12 billion, or $1.48 per share. This compares with $1.03 billion, or $0.72 per share, in last year's first quarter.

Excluding items, General Motors Company reported adjusted earnings of $2.02 billion or $1.41 per share for the period.

Analysts had expected the company to earn $1.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 99.9% to $34.9 million from $36.1 billion last year.

General Motors Company earnings at a glance:

-Earnings (Q1): $2.02 Bln. vs. $2.04 Bln. last year.
-EPS (Q1): $1.41 vs. $1.43 last year.
-Analysts Estimate: $1.11
-Revenue (Q1): $34.9 Mln vs. $36.1 Bln last year.

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