General Motors Co. said its fourth-quarter normalized net income was 94 cents per share, compared with the S&P Capital IQ consensus estimate of $1.17 per share.
EPS declined 32.9% year over year from $1.40.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.45 billion, a decrease of 35.0% from $2.23 billion in the prior-year period.
The normalized profit margin dropped to 3.3% from 5.6% in the year-earlier period.
Total revenue increased 10.8% year over year to $43.92 billion from $39.62 billion, and total operating expenses grew 14.3% year over year to $42.01 billion from $36.76 billion.
Reported net income decreased 70.8% year over year to $1.83 billion, or $1.18 per share, from $6.27 billion, or $3.93 per share.
For the year, the company's normalized net income totaled $4.87 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $6.03.
EPS rose from $4.04 in the prior year.
Normalized net income was $7.65 billion, a gain from $6.62 billion in the prior year.
Full-year total revenue grew on an annual basis to $166.38 billion from $152.36 billion, and total operating expenses increased on an annual basis to $156.38 billion from $144.13 billion.
The company said reported net income declined on an annual basis to $9.42 billion, or $6.00 per share, in the full year, from $9.69 billion, or $5.91 per share.