General Motors on Wednesday reported a third-quarter profit that exceeded analyst expectations by a wide margin. GM's profit was less than it turned in a year ago, with earnings hurt by ongoing losses in Europe. But elsewhere, its business is showing strong signs for the future.
In its second quarter, General Motors beat analysts' estimates with a profit of $1.5 billion, as losses in its troubled European division were less than many experts had predicted. That wasn't necessarily good news, though.
With just days to go before its anticipated initial public offering of stock, General Motors reported Wednesday that it earned $2 billion in the third quarter, its most profitable this year.
