Auto stocks grind higher as GM's strong Q3, upbeat outlook fuels gains
By managing its inventory and offering vehicles that are still in high demand, General Motors (NYSE:GM) reported a better-than-expected third quarter, delivering the beat and raise that investors were counting on to drive shares to their highest level since February 2022 and its largest intraday percentage gain since the beginning of this year.
GM Stock Soars on Q3 Results, Outlook Raise
Key Takeaways General Motors posted better-than-expected profit and sales as it kept prices steady and controlled costs. The biggest U.S. carmaker raised the low end of its profit guidance.General Motors shares traded at their highest level since January 2022.
General Motors’ stock jumps after big profit beat and raised outlook
Shares of General Motors jumped 3.2% in premarket trading Tuesday, after the automaker reported a third-quarter profit beat and raised its full-year outlook, citing progress on electric-vehicle profitability and an improved performance in China.
General Motors Company Q3 Profit Beats Estimates
General Motors Company (GM) revealed earnings for third quarter that beat the Street estimates. The company's bottom line came in
GM Stock Needs a Boost From Earnings. An Outlook Increase Would Help.
GM For the third quarter, Wall Street projects earnings per share of $2.38 and an operating profit of $3.3 billion from sales of $44.7 billion, according to FactSet.
GM reports Q3 pretax profits rose 15.5% on strong prices, cost discipline
It also helped that the comparison is against the year-ago quarter when GM experienced some higher costs from the UAW strike, ...
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GM raises 2024 guidance as Q3 revenue climbs 11%; net income flat; shares rise
GM said it earned nearly $4 billion in North America as third-quarter revenue in the region jumped 14 percent to a record $41 ...
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GM surpasses Wall Street Expectations with robust Q3 earnings
GM exceeded Wall Street's earnings expectations in its third quarter, reporting a net income of $3.056 billion on revenue of ...
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GM Profits Soar Amid UAW Pay Hikes, Despite China Decline
GM CEO Mary Barra attributed the company's Q3 earnings results to "above-average pricing, well-managed inventories and ...
Will GM's Q3 Results Justify Stock's 35% Jump This Year?
General Motors is poised to report its Q3 2024 results shortly. We expect earnings for the quarter to come in at $2.45 per ...
GM raises guidance for third time after beating Q3 estimates—what’s driving the success?
General Motors outperformed Wall Street’s third-quarter expectations, raising its 2024 earnings and cash flow forecasts.
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GM outpaces US rivals in Q3, even with fewer EV incentives
General Motors (GM) continued its run this year, topping Wall Street’s estimates again in the third quarter. After outpacing Ford and Hyundai in Q3, GM is now the second-best-selling EV maker in ...
GM Q3 Earnings & Sales Beat Estimates, FY24 EPS View Raised
General Motors posts better-than-expected results and also lifts its full-year forecast for adjusted EBIT, EPS and FCF.
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GM Financial net income down 11% in Q3
General Motors Financial saw net income fall by more than 10 percent year over year in Q3 2024 earnings as the GM captive ...
GM tops estimates on 'remarkably' resilient consumer, shares surge
General Motors continued to defy Wall Street's expectations this year, posting third-quarter results ahead of analyst ...
GM Q3 earnings preview: What to watch
Investors are expecting more upbeat results from GM after the automaker raised its guidance for a second time earlier this ...
General Motors (GM) Q3 2024 Earnings Call Transcript
Operator instructions] As a reminder, this conference call is being recorded Tuesday, October 22nd, 2024. I would now like to ...