General Motors Company (NYSE:GM) shares powered 14% higher in early trading on Tuesday after the automaker saw its third quarter 2025 revenue and earnings top Wall Street forecasts, while the company also raised its guidance for the year. GM posted adjusted earnings per share (EPS) for the quarter of $2.80 on revenue of $48.59 billion.
General Motors Co (NYSE:GM) stock is one of the best names on the New York Stock Exchange (NYSE) today, last seen up 12.1% to trade at $65.
CNBC's Phil LeBeau joins 'Squawk Box' to break down the company's quarterly earnings results.
General Motors is set to report its third-quarter earnings before the bell Tuesday. Wall Street analysts expect adjusted earnings per share of $2.31 and revenue of $45.27 billion.
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 (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.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
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) closed the most recent trading day at $57.03, moving +2.54% from the previous trading session.
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.
General Motors' electric vehicle plans aren't playing out as it had hoped.
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.