8-2-2012- General Motors (NYSE:GM) posting strong second quarter results this morning despite weakness in Europe. The automaker had EPS of $0.90, topping analyst estimates of $0.74. Revenue for the quarter fell to $37.6 billion, a little less than the $38.58 billion analysts were expecting.GM said the lower revenue was due to an operating loss of $361 million in Europe. However analysts predicted a bigger loss, making it higher than expected. Chief Financial Officer Dan Ammann said the company is taking decisive action in Europe which he says is a very challenging environment.This is GM’s 10th straight profitable quarter. The company did not give a profit outlook for the second half of the year. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.
