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via finance.yahoo.comBusiness & Companies

Why GM's massive share buyback isn't stopping a post-earnings selloff

FROM THE WIRE · FINANCE.YAHOO.COM

GM reported a third-quarter operating profit of $4.1 billion, in line with what Wall Street was looking for. Continue Reading

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishOperating profit in line with expectations yet shares fall despite the buyback, relevant for the auto sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01GM reported third-quarter operating profit of $4.1 billion.
  2. 02The figure was in line with what Wall Street expected.
  3. 03The stock is selling off after earnings despite the large buyback.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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