GM posts flat earnings

Published February 16, 2012

NEW YORK, Feb 16: General Motors on Thursday reported flat earnings for the fourth quarter, missing market expectations, despite rising sales that returned the US auto giant to the top rank globally.

GM posted net income of $500 million for the final three months of 2011, the same as a year ago.

Earnings were 39 cents per share, instead of 41 cents estimated by most analysts. —AFP

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