GM's US$900m Q1 profit misses analysts' forecast; shares slip 3.3%

Detroit

GENERAL Motors Co's first-quarter profit of US$900 million missed estimates as struggles in Russia and Brazil undermined strong sales of light trucks in the US.

The company said that adjusted earnings per share almost tripled to 86 US cents, short of the average analyst estimate for 97 US cents. A year earlier, the company earned 29 US cents on that basis, the largest US carmaker said in a statement.