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Shares of General Motors Co. (GM) rose 6.1% to $36.85 in pre-market trade Friday after the company raised its outlook for 2018 and set guidance for 2019.
The automaker said its bottom line should grow in 2019 as it expects auto demand to remain resilient in its two biggest markets, China and the U.S.
GM said its 2018 pretax earnings per share, adjusted for one-time items, would exceed its previous estimate of $5.80 to $6.20, set last summer. The company reports fourth-quarter and full-year financial results Feb. 6.
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(END) Dow Jones Newswires
January 11, 2019 09:22 ET (14:22 GMT)
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