GM Q3 net income off 54%, but it beats forecasts, according to USA Today.
General Motors reported third-quarter earnings of $698 million, after the cost of special items, down 53% from a year ago on a slight increase in revenue to $39 billion — which still was more than Wall Street expectations.
Without special items earnings were $1.6 billion.
A year ago, GM reported earnings of $1.5 billion on revenue of $37.6 billion.
Without the special charges GM earned 96 cents a share, up from 89 cents last year and more than the Wall Street consensus prediction of 93 cents EPS.