Business
General Motors beats Wall Street's Q3 earnings expectations, narrows full-year guidance
Readthrough summary
GM topped third-quarter estimates and narrowed its full-year 2026 guidance while raising its free-cash-flow expectations.
After finishing a $6 billion repurchase announced in January, the automaker approved a new multiyear $20 billion buyback with no set completion date.
Shares fell roughly 5% Tuesday because the guidance midpoint of $13.25 a share trailed the $13.41 analysts expected, per LSEG. Analysts called the quarter solid but worried that higher costs and pricing pressure could limit growth next year.
Summary written by Readthrough from the original article. The full story, with photos and any updates, is at CNBC.
