GM Falls After CFO Lowers Outlook on Remainder of 2014
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General Motors Co. shares faded after an initial rally as the automaker said its first-quarter performance, which beat analysts’ estimates, pulled ahead earnings from later in the year.
Results for the first three months of the year beat analysts’ estimates by 25 cents a share after GM avoided posting its first quarterly loss in more than four years as higher prices on new pickups largely made up for the costs of recalls.