GM swings to profit but falls short of estimates

General Motors Corp. swung to a profit with its delayed fourth-quarter results on Wednesday but fell short of Wall Street expectations as losses from its former finance unit partly offset gains from improved auto operations and cost cutting.

The world's largest automaker by sales posted net income of $950 million, or $1.68 per share, compared with a loss of $6.6 billion, or $11.63 per share, a year earlier. Revenue was $51.2 billion, compared with $51.7 billion a year earlier.

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- Posted: 2007-03-14 10:47:29

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