General Motors Reports Mixed 1Q


General Motors reported mixed results for its first quarter with earnings ahead of expectations and sales falling short of views, while the company reiterated its push on pickup trucks with higher-priced models.

Adjusted earnings per share decreased to $1.41 a share from $1.43 in the same period of 2018, but that was well ahead of the consensus on Capital IQ for $1.12 a share. Net sales and revenue fell to $34.9 billion from $36.1 billion a year earlier, missing the Street’s view for $35.6 billion.