GM's Q3 results exceeded expectations, driving an 80% share price increase over 12 months, outperforming the S&P 500 and competitors like Tesla and Ford. Despite lagging in the electric vehicle market, GM's overall sales and profitability have surged, with expected revenues close to $200 billion this year. High leverage and capital expenditures constrain GM's free cash flow, limiting shareholde...
General Motors shares surged 10% after Q3 results exceeded expectations. GM raised its full-year guidance for the third time, projecting adjusted EBIT of $14-15B and free cash flow of $12.5-13.5B for FY 2025. General Motors' electric vehicle deliveries surged 60% year-over-year, indicating strong momentum and improved profitability prospects in the EV segment.
Third-quarter results unveiled Tuesday show revenue, at nearly $49 billion, beating analysts' expectations by 8%, while operating profit came in 22% higher. While arch-rival Ford Motor remains 17% below its 2018 sales volume, GM clawed back to a 5% deficit. Its electric effort - stumbling for years as battery plants scaled up - is gaining traction. Benefits from pricing boosted profitability by...
Major U.S. equities were mixed and little changed on Tuesday as investors reacted to an array of earnings reports and increasing uncertainty around the Federal Reserve's plans for additional interest-rate cuts.
General Motors reported third-quarter earnings that topped estimates. GM's profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.