General Motors Exceeds Q3 Earnings Expectations, Narrows Full-Year Guidance
General Motors reported third-quarter earnings and revenue that exceeded Wall Street's expectations, with adjusted EPS of $3.70 versus an expected $3.63 and revenue reaching $50.02 billion against a forecasted $48.7 billion. The company also raised its free cash flow projections for the year while narrowing its 2026 earnings guidance to between $12.75 and $13.75 per share, compared with earlier estimates of $12 to $14. Despite these positive results, GM announced a new multiyear stock buyback program worth up to $20 billion but did not specify the timeframe for repurchases. The company also noted that inflationary pressures are impacting costs, particularly in logistics and DRAM chips, with commodity-related expenses expected at around $2 billion—near the high end of its previous guidance. While analysts praised GM's strong Q3 performance, concerns remain about potential limitations on future earnings growth due to rising costs and pricing challenges. Despite positive financial results, GM’s stock fell roughly 5% during trading as investors reacted cautiously.
Tickers: $GM
Topics: earnings free cash flow guidance update stock buyback
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