GM shares fall as its full-year profit forecast misses estimates

Third-quarter core profit, up 22 per cent

4.1 US$ billion

General Motors' third-quarter core profit, before interest, tax and one-time items, rose 22 per cent from a year earlier to US$4.1 billion.

GM's forecast, per share

US$12.75 to US$13.75

Analysts expected

US$13.41

GM now expects 2026 earnings of US$12.75 to US$13.75 a share, a range whose midpoint falls below the US$13.41 analysts expected. Its shares fell about four per cent in premarket trading on Tuesday.

Calreyn88 · CC BY-SA 4.0 · Wikimedia Commons

The quarter's results were helped by strong sales of large pickup trucks and fewer sales of electric vehicles, which have historically lost money.

New share buyback, over several years

20 US$ billion

GM said "the path forward is more challenging" but expects better results next year if demand stays strong and costs ease. Its board approved a multi-year US$20 billion share buyback.

Economy · 13 d ago

GM shares fall as its full-year profit forecast misses estimates

General Motors' third-quarter core profit, before interest, tax and one-time items, rose 22 per cent from a year earlier to US$4.1 billion.

GM now expects 2026 earnings of US$12.75 to US$13.75 a share, a range whose midpoint falls below the US$13.41 analysts expected. Its shares fell about four per cent in premarket trading on Tuesday.

The quarter's results were helped by strong sales of large pickup trucks and fewer sales of electric vehicles, which have historically lost money.

GM said "the path forward is more challenging" but expects better results next year if demand stays strong and costs ease. Its board approved a multi-year US$20 billion share buyback.

GM shares fall as its full-year profit forecast misses estimates

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