UPDATE: General Motors Reports Q1 Profit of $3.2 billion

General Motors Co GM released its results for the first quarter on Thursday. The company's quarterly profit increased to $3.2 billion, or $1.77 per share, from $865 million, or $0.55 per share, in the year-earlier period. The latest quarter earnings included special items of $0.82 per share. The company's revenue surged to $36.2 billion, from $31.5 billion. However, analysts were expecting earnings of $0.88 per share on revenue of $35.3 billion. GM shares fell 1.33% to $32.60 in pre-market trading. Read more from Benzinga's Company news.