CORRECTED - UPDATE 1-GM trounces estimates, shares surge

Newswire

(Corrects reference to percentage rise in revenue from auto operations in fifth paragraph to 2.5 percent on a rounded basis) DETROIT, July 31 (Reuters) - General Motors Corp on Tuesday said it flipped to a net profit, trouncing Wall Street estimates as it benefited from cost-cutting, a better mix of products and growing sales overseas. GM, whose shares rose 6.7 percent in early electronic trading, said it posted a net profit of $891 million, or $1.56 a share, compared with a net loss of ...

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