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But as of the end of June, GM had 105 days' supply of cars, above the 90-day supply it told investors to expect back in April. The company said on Tuesday that dealer inventories in the second quarter were up 273,000 versus the same period in 2016.
GM said it still expected to earn between $6 and $6.50 per share in 2017.
The results for the quarter excluded the company's European operations, which are being sold to Frances PSA Group.
GM reported second-quarter net income of $2.4 billion or $1.60 per share, down from $2.8 billion or $1.74 per share a year earlier. Excluding one-time charges, the company reported earnings per share of $1.89.
On that basis, analysts had on average expected earnings per share for the quarter of $1.69.
The company reported revenue for the quarter of $37 billion, down from $37.4 billion a year earlier and below the $40.1 billion expected by analysts.