GM tightens full-year guidance; tough Q4 ahead

In the third quarter, General Motors once again beat Wall Street expectations, reporting slightly more than US$50bn in revenue (expected: US$48.7bn) and US$3.70 in adjusted earnings per share (expected: US$3.63). Profitability was also significantly better than the same period last year, with EBIT up 234.4% to almost US$3.6bn.