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via finance.yahoo.comBusiness & Companies

General Motors falls premarket after tightening earnings guidance

FROM THE WIRE · FINANCE.YAHOO.COM

What Happened? Shares of automotive manufacturer General Motors (NYSE:GM) fell 7.2% in the pre-market session after the company tightened its full-year adjusted earnings-per-share guidance, with the midpoint falling short of Wall Street estimates. In a company press release…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA mega-cap narrowing guidance with a midpoint below estimates can move the stock and the auto sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01GM shares fell 7.2% in the pre-market session.
  2. 02Full-year adjusted EPS guidance was narrowed to between $12.75 and $13.75.
  3. 03The $13.25 midpoint trailed Wall Street estimates of $13.41.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
General Motors CompanyGMStock77.09 USDMarket closedtoday -6.84%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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