General Motors Co. beat analysts’ estimates for first-quarter profit and reaffirmed its guidance for the year, signaling a debilitating shortage of semiconductors is starting to fade. GM shares gained 2% in premarket trading. GM reported profit of $2.09 a share, excluding some items, compared with the $1.68 a share average of analysts’ estimates. The company said better access to computer chips bolstered sales volumes while tight inventories across the industry boosted prices on crossovers and pickups. “There’s still volatility in chips,” Chief Executive Officer Mary Barra said on a media call, noting an improvement in semiconductor availability compared to late 2021. “We’ll see stronger chip supply in the second half of the year. We still believe t
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