FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio
DETROIT (Reuters) – General Motors Co (GM.N) on Thursday posted a flat quarterly net profit that handily beat market expectations, helped by U.S. sales of high-margin pickup trucks, SUVs and crossovers.
The No. 1 U.S. automaker reported second-quarter net income of $2.42 billion or $1.66 per share, compared with $2.39 billion or $1.66 per share a year earlier. Excluding one-time items, GM earned $1.64 per share, well above analyst expectations of $1.44.
Reporting By Nick Carey; Editing by Nick Zieminski