General Motors' 2013 4th Quarter Disappoints Wall Street
Disappointing Wall Street, General Motors' earnings from the fourth quarter of 2013 fell short of expectations.
GM made $913 million in the fourth quarter, which was more than the $892 million from the fourth quarter of 2012, but the company’s revenue of $40.5 billion made 67 cents per share when excluding one-time items. Some experts had projected revenue to be $40.8 billion, yielding 88 cents per share.
In 2013, GM's earnings fell 18%.