GM profit tops estimates, sees strong full year

DETROIT, Oct 31 (Reuters) - General Motors Co onWednesday posted far stronger-than-expected quarterly profit andsaid its full-year earnings forecast would come in at the highend of its forecast due to strong demand in North America.

The Detroit automaker reported third-quarter net income of$2.53 billion, or $1.75 a share, compared with a loss last yearof $2.98 billion, or $2.03 a share. Last year's quarter includeda charge related to Europe.

Excluding one-time items, GM earned $1.87 a share in thethird quarter, easily beating the $1.25 analysts polled byRefinitiv estimates had expected.

(Reporting by Joe White and Ben Klayman in DetroitEditing by Nick Zieminski)

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