DAILY FINANCE: …GM’s profit of $1.5 billion, or $0.89 a share, was less than the $1.7 billion it earned in the third quarter of last year. But it was well ahead of estimates by Wall Street analysts, who predicted that GM would earn about $0.60 a share for the quarter, according to a Bloomberg survey.
GM’s pre-tax earnings in its North American region, which includes the U.S., were $1.8 billion. That’s down from last year’s $2.2 billion, but despite the drop, it actually represents some improvements in GM’s operations…
Ironically, GM’s profits in the U.S. suffered a bit because of the popularity of some of its new models. The Chevrolet Sonic and Buick Verano have both been strong sellers for GM. But because they’re both small cars, they’re less profitable for the company than its big pickup trucks… (more)
