General Motors shares fell in premarket trading as the automaker reported second-quarter earnings that fell short of estimates, offsetting a drop in revenue.
The company reported net income of $1.692 billion, or $1.14 per share, for the quarter, down from $2.836 billion, or $1.90 per share, a year ago.
Adjusted earnings per share came in at $1.14, missing consensus estimates of $1.33.
Revenue rose to $35.759 billion from $34.167 billion a year ago, beating estimates of $33.185 billion.
The company now expects full-year earnings per share to be in the range of $5.76-$6.76 and adjusted earnings per share in the range of $6.50-$7.50.
Consensus estimates call for earnings per share of $6.89.
The stock is down 0.9% pre-session.
Source: Capital
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