(Bloomberg) — General Motors Co. surged in early trading after reporting better-than-expected quarterly earnings on booming sales of new pickup models that are helping Chief Executive Officer Mary Barra weather the coronavirus pandemic.Full-size pickup deliveries soared 27% in the first three months of the year, with government shutdown orders disrupting only the last couple weeks of the quarter. Strong sales of lucrative Chevrolet Silverado and GMC Sierra trucks helped GM beat estimates for revenue and more than double analysts’ average projection for earnings per share.GM shares climbed as much as 11% shortly after the start of regular trading Wednesday. The …read more
Source:: Yahoo Finance
