Core Insights - General Motors Co. (GM) shares increased over 14% in intra-day trading following strong third-quarter earnings that exceeded expectations and an upward revision of full-year profit guidance despite challenges in the electric vehicle (EV) sector [1][2] Financial Performance - GM reported adjusted earnings of $2.80 per share, surpassing analyst estimates of $2.32 [1] - Revenue for the quarter was $48.59 billion, exceeding forecasts of $45.33 billion but slightly lower than the $48.76 billion reported in the same quarter last year [1] - The company raised its full-year adjusted EPS guidance to between $9.75 and $10.50, up from a previous range of $8.25 to $10.00, and above the consensus estimate of $9.45 [2] - Adjusted automotive free cash flow forecast was increased to $10.0–$11.0 billion, compared to the prior range of $7.5–$10.0 billion [2] Operational Challenges - Quarterly EBIT-adjusted fell 18% year-over-year to $3.38 billion, with margins declining to 6.9% from 8.4% [2] - North American EBIT-adjusted decreased by 37.1% to $2.51 billion [2] Strategic Initiatives - The quarter included $1.59 billion in charges related to the company's EV strategy realignment and $300 million in costs associated with ongoing investigations into the OnStar Smart Driver program [3] - GM remains committed to long-term EV profitability goals while focusing on efficiency improvements and cash flow generation [3]