From Financial Modeling Prep: 2024-10-22 15:55:00

General Motors (NYSE:GM) stock surged over 10% after beating analyst expectations in Q3 earnings. Adjusted EPS was $2.96, exceeding estimates of $2.40, with revenue hitting $48.76 billion, a 10.5% increase year-over-year. EBIT-adjusted grew 15.5% to $4.1 billion, with North American operations contributing significantly.

GM raised its full-year 2024 guidance following strong quarterly results. EBIT-adjusted is now projected between $14 billion and $15 billion, up from $13 billion to $15 billion. Adjusted EPS outlook was also increased to $10.00 to $10.50, surpassing the Street consensus of $9.97.



Read more at Financial Modeling Prep:: GM Stock Rises 10% on Strong Q3 Earnings