General Motors beat earnings as well as revenue expectations when they reported their numbers earlier this week. The company posted an EPS of 95 cents, beating analyst expectations with revenue of $36.2 billion. The company, which went public recently is now trying to finish paying off government loans.
“GM has delivered five consecutive profitable quarters, thanks to strong customer demand for our new fuel-efficient vehicles and a competitive cost structure that allows us to leverage our strong brands around the world and focus on driving profitable automotive growth,” said Chairman and CEO Dan Akerson.
The company alos announced that it doesn’t expect any material affect from the Japan earthquake, which has slowed supplies of some parts automotive sector. GM finished April with over 200,000 cars sold in the U.S., tops for the industry.