(fxcue news) - Automajor General Motors Co. on Tuesday raised its fiscal 2024 adjusted earnings view in line or above market estimates, after reporting higher third-quarter earnings per share and sales, also above the Street. Net earnings for the quarter, meanwhile, edged down. In pre-market activity on the NYSE, GM shares were gaining around 2 percent to trade at $49.90. For fiscal 2024, the company now expects net income attributable to stockholders of $10.4 billion to $11.1 billion, compared to previous outlook of $10.0 billion to $11.4 billion. Earnings per share is now expected to be $9.14 to $9.64, compared to earlier estimate of $8.93 to $9.93. Adjusted earnings per share are now projected to be between $10.00 and $10.50, compared to previous estimate of $9.50 to $10.50. Analysts on average expect the company to report earnings of $10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. Further, the company now expects adjusted EBIT, a key earnings metric, of $14.0 billion to $15.0 billion, while previous outlook was $13.0 billion to $15.0 billion. GM said its 2024 financial guidance includes anticipated capital spending of $10.5 billion to $11.5 billion, inclusive of investments in the company's battery cell manufacturing joint ventures. In its third quarter, net income attributable to common stockholders edged down 0.3 percent to $3.029 billion from last year's $3.038 billion. Earnings per share, however, climbed 21.8 percent to $2.68 from $2.20 last year on lower sharecount. Adjusted earnings per share were $2.96, compared to prior year's $2.28. Revenues for the quarter grew 10.5 percent to $48.76 billion from prior year's $44.13 billion. The Street was looking for earnings of $2.43 per share on sales of $44.58 billion for the quarter. Total wholesale vehicle sales by automotive segment grew to 1.03 million units from last year's 981 thousand units. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.