RTTNews | Oct 27, 2021 07:37AM EDT

07:37 Wednesday, October 27, 2021 (RTTNews.com) - General Motors Company (GM) released a profit for third quarter that fell from the same period last year.

The company's profit totaled $2.42 billion, or $1.62 per share. This compares with $4.05 billion, or $2.78 per share, in last year's third quarter.

Excluding items, General Motors Company reported adjusted earnings of $2.22 billion or $1.52 per share for the period.

Analysts had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 24.5% to $26.78 billion from $35.48 billion last year.

General Motors Company earnings at a glance:

-Earnings (Q3): $2.22 Bln. vs. $4.07 Bln. last year.-EPS (Q3): $1.52 vs. $2.83 last year.-Analysts Estimate: $0.96-Revenue (Q3): $26.78 Bln vs. $35.48 Bln last year.

-Guidance:Full year EPS guidance: $5.70 - $6.70

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