General Motors Company (GM)
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General Motors reported strong Q3 earnings with revenue hitting $50.02 billion, surpassing expectations, and a non-GAAP profit of $3.70 per share. However, the stock dropped significantly as investors reacted to a narrowed profit outlook and rising cost concerns, despite the announcement of a $20 billion share repurchase plan. This reflects a disconnect between solid earnings and market sentiment, highlighting ongoing worries about the company's cost structure.
Latest News
| Title | Published |
|---|---|
General Motors Makes Stunning U-Turn as Gas Prices Surge General Motors Makes Stunning U-Turn as Gas Prices Surge | about 12 hours ago |
GM CFO answers major American car buyers' concern amid $20 billion move GM CFO answers major American car buyers' concern amid $20 billion move | about 13 hours ago |
Earnings live updates: All eyes on Musk and Meta as Q3 earnings rev up Earnings live updates: All eyes on Musk and Meta as Q3 earnings rev up | about 14 hours ago |
GM’s Valuation Is ‘Dumbfounding.’ How It Plans to Win in the Age of AI and EVs. GM’s Valuation Is ‘Dumbfounding.’ How It Plans to Win in the Age of AI and EVs. | about 14 hours ago |
GM bets on new batteries, AI to make EVs mainstream, but skips the energy storage boom GM bets on new batteries, AI to make EVs mainstream, but skips the energy storage boom | about 16 hours ago |
General Motors' 2027 Profit Faces Pressure From Commodity, Logistics Inflation, RBC Says General Motors' 2027 Profit Faces Pressure From Commodity, Logistics Inflation, RBC Says | about 17 hours ago |
General Motors' 2027 Earnings Outlook Faces Cost Pressures Despite Buyback, RBC Says General Motors' 2027 Earnings Outlook Faces Cost Pressures Despite Buyback, RBC Says | about 18 hours ago |
General Motors Makes Stunning U-Turn as Gas Prices Surge
General Motors Makes Stunning U-Turn as Gas Prices Surge
GM CFO answers major American car buyers' concern amid $20 billion move
GM CFO answers major American car buyers' concern amid $20 billion move
Earnings live updates: All eyes on Musk and Meta as Q3 earnings rev up
Earnings live updates: All eyes on Musk and Meta as Q3 earnings rev up
GM’s Valuation Is ‘Dumbfounding.’ How It Plans to Win in the Age of AI and EVs.
GM’s Valuation Is ‘Dumbfounding.’ How It Plans to Win in the Age of AI and EVs.
GM bets on new batteries, AI to make EVs mainstream, but skips the energy storage boom
GM bets on new batteries, AI to make EVs mainstream, but skips the energy storage boom
General Motors' 2027 Profit Faces Pressure From Commodity, Logistics Inflation, RBC Says
General Motors' 2027 Profit Faces Pressure From Commodity, Logistics Inflation, RBC Says
General Motors' 2027 Earnings Outlook Faces Cost Pressures Despite Buyback, RBC Says
General Motors' 2027 Earnings Outlook Faces Cost Pressures Despite Buyback, RBC Says