General Motors (GM) shares rose in pre-market trading on Tuesday after the automaker beat fourth-quarter results forecasts.
The positive quarterly results were driven by buoyant sales of SUVs backed by strong pricing and cost controls, with good performance in the US and China.
Both earnings and revenue beat expectations over the quarter, despite GM booking a massive one-off charge of $7.3bn related to US tax reforms.
GM shares were up by 1.2% in pre-market trading as at 1300 GMT.
Adjusted earnings per share came in at $1.65 versus analysts´ forecasts of $1.38 while revenue jumped to $37.7bn compared with market expectations of $36.55bn.
However, the one-off tax charge meant GM actually reported an overall loss for the period of $4.9bn.