General Motors beats quarterly estimates but disappoints on full-year guidance
FROM THE WIRE · SEEKINGALPHA.COM
[A dealership in Monroeville, Pennsylvania, USA with GMC pickup trucks for sale] Althom General Motors (GM [https://seekingalpha.com/symbol/GM]) shares struggled to gain traction in Tuesday’s premarket trading as disappointment over FY26 profit guidance and rising input costs…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDisappointing profit guidance from a major automaker weighs on the stock despite a strong quarter.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01GM beat third-quarter estimates and announced a $20 billion multiyear buyback.
- 02Shares fell as much as 7% at the open on FY26 profit guidance and rising input costs.
- 03Revenue rose 2.9% to $50.02 billion, beating expectations by $1.26 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
General Motors Company78.60 USD-5.02%today -5.02%Negative Ford Motor Company12.04 USD-1.15%today -1.15%Negative Stellantis N.V.4.26 USD-0.79%today -0.79%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets