Why General Motors (GM) Stock Is Surging 8% Today

Shares of General Motors (NYSE:GM) surged 8% on Tuesday after the firm posted better-than-expected fourth-quarter results. Revenue of $42.98 billion beat Wall Street’s estimates of $38.67 billion by 11.2%, while earnings per share of $1.24 beat expectations by 7%. Expectations were low going into Q4 earnings. General Motors has been grappling with a slowdown in China-based sales, and Wall Street’s revenue expectations represented a 10.4% year-over-year decline. GM has also been grappling with recent controv ...