GM’s quarterly net income plunged by more than half. Operating income exceeded analysts’ estimates, sending the stock price up 6% in premarket trading. https://t.co/PhHPJehEbN ...

General Motors Company (NYSE:GM) stock rose Tuesday after a clean beat on profit and sales, as CEO Mary Barra revved the 2025 outlook.EV losses are narrowing, tariffs are easing, and the firm is steering toward a leaner, more profitable path.The auto behemoth registered third-quarter adjusted earnings per share of $2.80, beating the analyst consensus estimate $2.31.Also Read: Coca-Cola, Netflix And 3 Stocks To Watch Heading Into TuesdayQuarterly sales of $48.59 billion (down 0.3% year over year) topped Stre ...

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Q3 2025 Performance Highlights - GM achieved 1 in total U S sales with 710K deliveries, up 8% year-over-year[13] - The company's Q3 U S market share reached 17 0%[13] - GM's Q3 EBIT-adjusted was $3 4 billion and adjusted automotive free cash flow was $4 2 billion[13,47] - EPS-diluted-adjusted stood at $2 80[13,47] - EV sales reached a record of 67K, representing 16 5% of the U S EV market[13] Financial Performance and Guidance - The company invested $2 1 billion in capital projects, paid down $1 3 billion of balance sheet debt, and repurchased $1 5 billion of stock in Q3[14] - The updated 2025 EBIT-adjusted guidance is $12 0–13 0 billion, EPS-diluted-adjusted is $9 75–10 50, and adjusted auto free cash flow is $10 0–11 0 billion[39] - The full-year gross tariff impact is improved to $3 5–4 5 billion, with mitigation actions expected to offset approximately 35%[42] Market Position and Strategic Initiatives - GM increased ICE market share year-to-date to 17 4%, up 0 5 percentage points[18] - The company is on track to lead the industry in full-size pickups for the 6th straight year, with a year-to-date share of 41%[22] - GM is solidifying its 2 position in the EV segment and leads the industry in EV market share growth year-to-date[23] - The company recognized approximately $2 billion in year-to-date revenue from Super Cruise, OnStar, and other software and services, with deferred revenue of approximately $5 billion at the end of Q3, up over 90% year-over-year[28]

Core Viewpoint - The automaker GM expects tariff costs to be lower than previously anticipated and is benefiting from increased prices while its decision to reduce EV production is projected to yield positive results next year [1] Group 1 - GM does not foresee tariff costs to be as high as earlier estimates [1] - The company is experiencing advantages from higher pricing strategies [1] - GM's strategy to cut EV production is expected to be beneficial in the upcoming year [1]

Core Insights - General Motors (GM) reported better-than-expected Q3 earnings, driven by strong pickup truck sales and easing tariffs on auto parts [1] - The company raised its full-year earnings forecast, projecting adjusted EBIT of $12 billion to $13 billion for 2025, up from a previous estimate of $10 billion to $12.5 billion [1] Financial Performance - Adjusted earnings per share for Q3 reached $2.80, exceeding analyst expectations of $2.27 but down from $2.96 year-over-year [1] - Q3 revenue was $48.59 billion, a slight decline of 0.3% year-over-year but above market expectations [1] - Net income attributable to shareholders was $1.3 billion, a 57% decrease from approximately $3.1 billion in the same period last year, with a net profit margin dropping from 6.3% to 2.7% [4] Market Position and Future Outlook - GM's revenue in China for the recent quarter was $80 million, totaling $197 million for the first nine months of the year, recovering from a loss of $137 million in the same quarter last year [1] - The company expects Q4 adjusted earnings per share to range between $1.64 and $2.39, with a midpoint of $2.02, higher than the current expectation of $1.94 [2] - GM's market share in electric vehicles increased from 8.7% at the beginning of the year to 13.8% in Q3, although it still trails behind Tesla [4] Tariff Impact and Strategic Adjustments - GM lowered its expected tariff impact for the year from $4 billion-$5 billion to $3.5 billion-$4.5 billion, anticipating to offset about 35% of the tariff effects [3] - CEO Mary Barra expressed gratitude to President Trump for extending tariff exemptions for certain imported vehicles, positioning GM favorably due to increased domestic sourcing and manufacturing [3] - The company acknowledged that the adoption rate of electric vehicles is expected to be lower than previously planned, necessitating structural changes to reduce production costs [4]

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The automaker's shares jumped 12% premarket after strong sales boosted third-quarter results and CEO Barra predicted smaller EV losses. ...

Core Insights - General Motors has raised its financial outlook for the year, expecting adjusted core profit to be between $12.0 billion to $13.0 billion, up from a previous estimate of $10.0 billion to $12.5 billion [2] - The company has reduced its anticipated tariff impact to a range of $3.5 billion to $4.5 billion, down from $4 billion to $5 billion, as it awaits expected relief on tariffs in the U.S. [2][7] Financial Performance - GM's quarterly adjusted earnings per share were reported at $2.80, exceeding analysts' expectations of $2.31 [4] - Revenue for the quarter ended September slightly decreased to $48.6 billion compared to the previous year [6] Market Context - U.S. car sales increased by 6% in the third quarter, despite uncertainties surrounding tariffs [6] - Shares of GM rose approximately 10% in premarket trading, positively impacting peers such as Ford and Stellantis [3] Strategic Focus - CEO Mary Barra indicated that the company is focusing on electric vehicle (EV) investments to meet federal requirements, although she acknowledged that near-term EV adoption will be lower than planned due to changing regulations [5] - GM plans to mitigate 35% of its anticipated tariff impact, aided by new credits for U.S. auto production approved by the Trump administration [7][8]

Earnings Season Overview - Earnings season is gaining momentum with major companies like Tesla, Netflix, General Motors, and Ford reporting results this week [1][3] - As of October 17, 12% of S&P 500 companies have reported, with analysts expecting an 8.5% increase in earnings per share for Q3, marking the ninth consecutive quarter of positive earnings growth, although a slowdown from the 12% growth in Q2 [1][2] Sector Representation - A diverse range of sectors will be represented in the earnings reports, including airlines, toy manufacturers, and telecom providers, with consumer companies like Procter & Gamble and Deckers Outdoors expected to provide insights on consumer spending [4][5] Notable Earnings Reports - American Express reported earnings that exceeded expectations, driven by strong demand for its Platinum card [7] - Coca-Cola's stock rose after it reported earnings above estimates despite a challenging environment [8] - General Motors' stock increased following positive full-year guidance and improved tariff exposure in Q3 [9] - Northrop Grumman raised its annual profit forecast due to heightened demand for defense products amid geopolitical tensions [10] - Elevance Health surpassed quarterly profit estimates as medical costs remained stable [11] Financial Sector Insights - Zions Bancorporation's stock rose after the CEO reassured investors about limited charge-offs, reporting a diluted earnings per share of $1.48, beating estimates [13][17] - Truist reported a net income increase to $1.3 billion, exceeding analyst expectations, with broad-based loan growth [25] - Fifth Third Bank reported a 7% year-over-year increase in net interest income, with earnings per share growing 17% annually [29] Technology Sector Highlights - Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39% year-over-year profit surge and raised its 2025 revenue outlook, benefiting from strong demand for AI-related technologies [42][43] Market Trends - Bank of America noted that 76% of S&P 500 companies reporting so far have exceeded earnings expectations, indicating a trend of more positive surprises than usual [19][20]