3 Key Takeaways From the Q3 Earnings Season So Far
This week's line-up of Q3 earnings releases moves beyond the Finance sector, with results from heavyweights like Netflix and Tesla on the schedule.
General Motors: Thesis Update And Q3 Earnings Preview
General Motors (GM) is targeting a return to 8-10% adjusted EBIT margin, with current margin depressed by tariffs and macro headwinds. GM has outperformed peers in sales growth, market share, and cost management, but near-term risks and uncertainty justify a hold rating. Tariffs and a weakening consumer pose ongoing risks, but GM's resilience, pricing power, and ICE strategy offer long-term upside potential.
These 2 Auto, Tires and Trucks Stocks Could Beat Earnings: Why They Should Be on Your Radar
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
GM's Billion-Dollar Bruise: GM's Strategic Pivot Makes It a Buy
General Motors NYSE: GM announced on Oct. 14 that it will take a significant $1.6 billion charge in its third-quarter earnings report results, a move directly tied to a strategic realignment of its electric vehicle (EV) production plans. On the surface, a billion-dollar write-down often signals trouble, and the news caused initial hesitation among investors.
General Motors (GM) Rises As Market Takes a Dip: Key Facts
General Motors (GM) closed the most recent trading day at $57.03, moving +2.54% from the previous trading session.
GM takes $1.6B financial hit as EV tax credit changes force strategy overhaul
GM announced a $1.6 billion third-quarter charge as it revamps its electric vehicle strategy following the end of federal EV tax credits under the Trump administration.
GM is Taking a Big Hit as EV Demand Drops
General Motors' electric vehicle plans aren't playing out as it had hoped.
General Motors records $1.6B charge in Q3 as it reassesses EV strategy
General Motors Company (NYSE:GM) reported that it incurred $1.6 billion charge in the third quarter, driven primarily by underutilized electric vehicle (EV) production capacity and contract cancellations. Per a filing with the Securities and Exchange Commission (SEC), the charge includes a $1.2 billion non-cash impairment tied to reduced use of EV production equipment and $400 million in cash costs from contract terminations and commercial settlements.
GM to take $1.6 billion charge related to EV pullback
CNBC's Phil LeBeau joins 'Squawk Box' with the latest news from General Motors.
GM Faces $1.6 Billion Charge on EV Pullback
Automaker cites end of government-funded subsidies and regulatory mandates that fueled electric-vehicle growth.
GM takes $1.6 billion charge as it reassesses EV plans
General Motors said on Tuesday it will incur charges totaling $1.6 billion in the third quarter as it realigns its electric-vehicle capacity and manufacturing as a result of softer demand.
GM to take $1.6 billion charge related to EV pullback
General Motors' third quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out as planned. GM's EV charges comes more than a year after crosstown rival Ford Motor announced a $1.9 billion impact from changing its EV plans.
