GM posts higher
Credit: Reuters/Rebecca Cook
A man walks past a row of General Motors vehicles at a Chevrolet dealership on Woodward Avenue in Detroit, Michigan April 1, 2014.
Net income rose to $1.38 billion, or 81 cents a share, from $698 million, or 45 cents a share, a year earlier.
Excluding one-time items, GM earned 97 cents a share, 2 cents above what analysts polled by Thomson Reuters I/B/E/S had expected.
The quarter included $300 million in special items for flood damage sustained at the company's technical center outside Detroit and the writedown of assets in Russia.
Revenue rose slightly to about $39.3 billion from $39 billion. Analysts had expected $39.8 billion.
The No. 1 U.S. automaker reported a profit margin of 9.5 percent in North America, the fifth consecutive quarter of year-over-year growth. Excluding recall-related costs, the second quarter's margin in the region was 9.2 percent.
GM said average transaction prices in the U.S. market and vehicle sales in China had reached record highs in the third quarter.
(Reporting by Ben Klayman and Bernie Woodall in Detroit; Editing by Lisa Von Ahn)
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