By Leftlane Staff
Tuesday, Jul 25th, 2006 @ 11:59 am

GM may report a modest operating profit of 80 cents a share tomorrow, according to JP Morgan Securities analyst Himanshu Patel, ranked among the most accurate on the company by StarMine. The figure would exclude an estimated $3.8 billion charge for employee buyouts. The number is encouraging, considering a year earlier, GM lost 41 cents a share — also excluding one-time costs. “GM’s operating profit is going to be strong this quarter; it’s going to surprise quite a few people,” said Burnham Securities analyst David Healy, who predicts operating profit of $1.10 a share. “It’s a real vote of confidence for Wagoner’s leadership and for his turnaround plan.”

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