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Empresas y finanzas

GM Q1 profit beats Street on strong U.S. demand


    DETROIT (Reuters) - General Motors Co reported a stronger-than-expected first-quarter profit on strong demand in North America and a smaller-than-expected loss in its troubled European operations.

    Excluding one-time items related to the impairment of goodwill primarily in Europe, the No. 1 U.S. automaker reported a profit of 93 cents per share.

    Analysts, on average, expected GM to earn 85 cents per share, according to Thomson Reuters I/B/E/S.

    Net income fell to $1 billion, or 60 cents a share, from $3.15 billion, or $1.77 a share, in the same quarter a year earlier.

    Revenue for the quarter was $37.8 billion, up 4.4 percent from $36.2 billion a year ago.

    (Reporting By Ben Klayman. Editing by Bernadette Baum)