CEO Mary Barra said GM is holding to its full-year profit guidance "despite a challenging environment because demand continues to be strong and we are actively managing the headwinds we face."
General Motors - Get General Motors Company Report posted stronger-than-expected third quarter earnings Tuesday, while repeating its full-year profit outlook, as higher car prices helped fuel record sales for the biggest U.S. automaker.General Motors said adjusted earnings for the three months ending in September came in at $2.25 per share, up 48.5% from the same period last year and well ahead of the Street consensus of $1.88 per share. Group revenues were pegged at $41.9 billion, GM said, a 56.4% increase from last year that came in just shy of analysts' consensus of $42.2 billion tally.
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