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Title: GM Posts First Full-Year Profit Since 2004
Source:
REUTERS
URL Source: http://www.reuters.com/article/2011/02/24/gm-idUSN2423182220110224R
Published: Feb 24, 2011
Author: REUTERS
Post Date: 2011-02-24 12:07:24 by Brian S
Keywords: None
Views: 1207
Comments: 1
DETROIT, Feb 24 (Reuters) - General Motors Co (GM.N) posted fourth-quarter results that topped Wall Street expectations, but its shares dipped below its IPO price as investor concerns shifted to the pressure ahead from rising oil prices and other costs. GM posted a profit of $4.7 billion for all of 2010, its first full year after a landmark bankruptcy that scoured costs and debt from its balance sheet. That marked the automaker's first full-year profit since 2004 and its largest profit since 1999, when it earned $6 billion on booming sales of trucks and SUVs. Analysts said the results showed GM's success in completing a turnaround funded by the U.S. government even as investor attention shifts to a range of new risks, including higher oil prices.
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#1. To: Brian S (#0)
When do we receive our dividend checks?
GM Posts First Full-Year Profit Since 2004
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