GM Profit Misses Estimates on Europe Restructuring

General Motors Co. posted fourth-quarter profit that missed analysts’ estimates as the automaker lost money in Asia outside of China, faced higher taxes and restructured in Europe.

Profit excluding one-time items was 67 cents a share, Detroit-based GM said yesterday in a statement, trailing the 87-cent average of 14 analysts’ estimates compiled by Bloomberg. That compares with 48 cents a share a year earlier. GM’s miss follows Ford Motor Co.’s fourth-quarter results last week that exceeded estimates with per-share profit of 31 cents, excluding one-time items.