Why GM Stock Is Soaring After Reporting Third-Quarter Earnings Despite EV Woes

Core Insights - General Motors (GM) exceeded third-quarter earnings and revenue expectations, leading to a surge in stock price [1] - GM's Q3 earnings per share (EPS) fell by 5% to $2.80, while revenue decreased by less than 1% to $48.59 billion [1] - The company raised its guidance and reduced the expected tariff impact for 2025, indicating a positive outlook [1] Financial Performance - Q3 EPS: $2.80, down 5% year-over-year [1] - Q3 Revenue: $48.59 billion, a decline of less than 1% [1] - Analysts had anticipated higher earnings prior to the announcement, suggesting a positive surprise [1]