Economy

GM posts higher profit, reaffirms outlook. But margin slips By Stocksak


© Stocksak. FILE PHOTO – The new GM Logo is visible on the Detroit General Motors headquarters in Michigan, U.S.A., March 16, 2021. REUTERS/Rebecca Cook

DETROIT (Stocksak), General Motors Co reported Tuesday a higher quarterly profit and reaffirmed its full year outlook.

The automaker reported a net income of $3.3billion, up from $2.4billion a year ago. Revenue rose to $41.9 billion from $26.8 million a year prior.

GM’s net margin fell to 7.9% from 9.0% a previous year.

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