February 6, 2018 / 12:33 PM / 4 months ago

GM posts loss on non-cash charge, but beats estimates

DETROIT, Feb 6 (Reuters) - General Motors Co on Tuesday posted a loss due to a $7 billion non-cash charge related to deferred tax assets, but excluding items reported earnings well above Wall Street expectations.

The No. 1 U.S. automaker reported a fourth-quarter loss of $4.9 billion or $3.46 per share, compared with a profit of $2.1 billion or $1.36 per share a year earlier. Excluding one-time items, GM posted earnings per share of $1.65. On that basis analysts had expected earnings per share of $1.38. (Reporting By Nick Carey; Editing by Nick Zieminski)

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