General Motors (GM) reported Wednesday a fourth-quarter profit of $1.99 billion. GM said that it had a net income of 66 cents per share. When adjusted for non-recurring costs, earnings were $1.19 per share. The company's results surpassed Wall Street's expectations. Analysts had forecast earnings of 85 cents per share. The Detroit-based automaker posted revenue of $39.62 billion in the period, which did not meet Wall Street's forecasts. GM shares have fallen almost 3 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has declined almost 4 percent in the last 12 months.
