DETROIT (AP) — General Motors’ first-quarter profit rose 34 percent as the company’s strong truck and SUV lineup helped it increase U.S. sales when the rest of the industry is slowing.READ MORE: I-Team: Bank Of America And Zelle Customers Targeted In New High-Tech Scam
The Detroit automaker says its net income was $2.6 billion, or $1.70 per share, from January through March on strong profits in North America and China. The earnings were a first-quarter record since the company left bankruptcy in 2009.
The earnings shattered Wall Street expectations. Analysts polled by FactSet expected $1.47 per share.READ MORE: North Texas Looks At High-Speed Rail Between Dallas And Fort Worth
Revenue rose 11 percent to $41.2 billion, also beating estimates of $40.6 billion.
GM made $3.4 billion before taxes in North America, up almost 50 percent in its most lucrative market. U.S. sales rose just under 1 percent in the quarter while the whole was down 1.5 percent.MORE NEWS: 'I Feel Like I'm Doing Something That Actually Matters' Says North Texas Mom Who Became Truck Driver Amid Nationwide Shortage
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