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General Motors posts earnings of $1.50 a share vs $1.18 expected

General Motors delivered quarterly earnings that handily topped analysts' expectations on Wednesday, as strong demand for trucks in North America and improved profit margins in China overcame declining revenues.

After the earnings announcement, the company's shares rose in pre-market trading. (Get the latest quote here.)

The company posted third-quarter adjusted earnings of $1.50 per share, up from 97 cents a share in the year-earlier period.

Including $1.5 billion in costs for expenses related to the settlement...