General Motors Co. (GM, GMM.TO) reported first quarter net income attributable to common stockholders of $0.9 billion, or $0.58 per share, down from $1.0 billion, or $0.60 per share in the year ago quarter.
The latest-quarter results included a net loss from special items that reduced net income by $0.2 billion, or $0.09 per share. The prior year results included a net loss from special items of $0.6 billion or $0.33 per share.
Earnings before interest and tax or EBIT adjusted was $1.8 billion, compared to $2.2 billion the first quarter of 2012. First quarter EBIT-adjusted results for 2013 include the impact of $0.1 billion in restructuring costs.
Net revenue in the first quarter declined to $36.9 billion, from $37.8 billion last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.54 per share on revenues of $36.60 billion for the quarter. Analysts' estimates typically exclude special items.
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