General Motors Officially Earns $4.7 Billion In 2010
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General Motors has officially released its annual earnings just moments ago, posting a $4.7 billion profit — the first time the company has seen a full year of profits since 2004. It also is GM’s first full year of annual results as a new entity (LLC vs. Corporation). The earning come in just under the predicted $5.3 billion profit prediction, with calendar year revenue being $135.6 billion.
Along with the annual results came The General’s Q4 financial report, where The General posted a gain of $500 million, or about half the predicted $1.06 billion mark. Now let’s see where that stock ticker goes…
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