U.S. Stock Movement | General Motors rises 12% as Q3 performance exceeds expectations and raises full-year profit guidance
On Tuesday, General Motors rose 12% to $64.99. In terms of news, General Motors announced its third-quarter performance and raised its full-year performance expectations, with results exceeding Wall Street's expectations, thanks to better-than-expected pickup truck sales and some easing of tariff issues on auto parts under the Trump administration. For the three months ending September 30, adjusted earnings per share reached $2.80, surpassing analysts' consensus estimate of $2.27, but lower than the $2.96 from the same period last year—when Trump's trade policies had not yet been implemented. Third-quarter revenue was $48.59 billion, a year-on-year decline of 0.3%, but higher than market expectations
According to Zhitong Finance APP, on Tuesday, General Motors (GM.US) rose 12% to $64.99. In terms of news, General Motors announced its third-quarter performance and raised its full-year performance expectations, with results exceeding Wall Street's expectations, thanks to better-than-expected pickup truck sales and some easing of tariff issues on auto parts under the Trump administration. For the three months ending September 30, adjusted earnings per share reached $2.80, surpassing analysts' consensus estimate of $2.27, but lower than the $2.96 from the same period last year—when Trump's trade policies had not yet been implemented. Third-quarter revenue was $48.59 billion, a year-on-year decrease of 0.3%, but higher than market expectations
