General Motors on Wednesday posted fourth-quarter earnings far above analysts' expectations even as recall costs hit North American profit margins.
Excluding special items, the largest U.S. automaker earned $1.19 per share, compared with the analysts' average estimate of 83 cents, according to Thomson Reuters I/B/E/S.
Net income rose to $1.1 billion, or 66 cents a share, from $900 million, or 57 cents a share, a year earlier.
North American profit margins for the full year were 6.5 percent. Excluding the additional costs for a record vehicle recall in 2014, the margin would have been 8.9 percent, GM said.
Shares of GM moved higher in premarket trading following the report. (Click here to track GM shares.)