General Motors Company Q2 Profit Decreases, misses estimates

General Motors Company (GM) released earnings for second quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $1.69 billion, or $1.14 per share. This compares with $2.84 billion, or $1.90 per share, in last year's second quarter.

Excluding items, General Motors Company reported adjusted earnings of $1.14 per share for the period.

Analysts on average had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.7% to $35.76 billion from $34.17 billion last year.

General Motors Company earnings at a glance (GAAP) :

-Earnings (Q2): $1.69 Bln. vs. $2.84 Bln. last year.
-EPS (Q2): $1.14 vs. $1.90 last year.
-Analyst Estimates: $1.30
-Revenue (Q2): $35.76 Bln vs. $34.17 Bln last year.

Full year EPS guidance: $6.50 - $7.50

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