General Motors Company (NYSE: GM) Earnings News: Morning Movers

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General Motors Company (NYSE: GM) reported fiscal fourth-quarter earnings fell to $1.04 billion, or 57 cents a share, compared with $1.19 billion, or 54 cents a share, a year ago.Revenue rose to $40.5 billion, from $39.3 billion a year earlier.

Wall Street had expected the auto giant to post earnings of 88 cents a share on revenue of $40.79 billion, according to analysts polled by FactSet.

On Thursday, shares in GM fell 1.39 percent to $34.75 in morning trading.

The Dow Jones industrial average rose 133.71 points, or 0.87 percent, at 15,573.94. The S&P 500 Index was up 13.97 points, or 0.80 percent, at 1,757.00. The Nasdaq Composite Index was up 40.45 points, or 1.01 percent, at 4,052.00.

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