General Motors Co. (GM) on Wednesday reported fourth-quarter profit of $1.99 billion.
The Detroit-based company said it had net income of 66 cents per share. Earnings, adjusted for non-recurring costs, were $1.19 per share.
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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The automaker posted revenue of $39.62 billion in the period, which did not meet Street forecasts. Analysts expected $40.01 billion, according to Zacks.
GM shares have fallen nearly 3 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has declined nearly 4 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on GM at http://www.zacks.com/ap/GM
Keywords: General Motors, Earnings Report, Priority Earnings