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GM Beats Estimates on Sales of Trucks in U.S., SUVs in China

General Motors Co. reported third quarter profit that beat analysts estimates as strong light-truck sales in the U.S. and stable operations in China produced a record $3.1 billion in adjusted earnings before interest and taxes.

The company said adjusted earnings per share were $1.50, beating the $1.19 average of 16 analyst estimates. The company credited strong margins in North America and only a slight decline in China, where auto sales have struggled. Shares rose 3.1 percent to $34.51 at 7:46 a.m. New York time before regular trading.

GM’s profit rebounded from a year earlier as U.S. buyers continue their...