Goldman Sachs reported that General Motors (NYSE:GM) revenue and earnings per share in the fourth quarter of last year were $43.1 billion and $2.12, respectively, better than the market’s original expectations of $40 billion and $1.69, respectively. The company’s adjusted EBIT of US$3.8 billion last quarter was also better than market expectations of $3.2 billion. The company’s guidance for EBIT for this year is $10.5 billion to $12.5 billion, with earnings per share ranging from $6 to $7, higher than market and the bank’s expectations. The bank pointed out that GM’s results increased sharply in the fourth quarter of last year, and believes that a number of factors contributed to this year’s EBIT guidance better than expected, including net price and cost savings. Goldman Sachs raised GM’s earnings per share forecast from $5.15, $6 and $7.25 from $5.15, $6 and $7.25 to $6.25, $6.5 and $7.55, respectively. The bank raised GM’s target price to $46 from $42 with a “buy” rating.