DETROIT —
Despite the company's struggles in China and with EVs, stronger-than-expected vehicle pricing with gasoline-powered trucks pleased investors. Adjusted earnings per share of $2.62 beat the average Wall Street target of $2.15, according to LSEG data. Revenue topped the Wall Street target of $41.9 billion in the March quarter.
GM’s business in China – previously the automaker’s largest market – has also been faltering. Chinese automakers and Tesla have gobbled up market share in the region, aided by deep price cuts and refreshed technology offerings.
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