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DETROIT (Reuters) -General Motors on Tuesday posted fourth-quarter 2024 results and a 2025 earnings forecast ahead of Wall Street expectations as the U.S. automaker continued to see strong ...
Shares dropped 8.9% on Tuesday to $50.04 a share, as investors and analysts said GM's outlook is clouded by President Donald Trump's threats of tariffs and reduced support for electric vehicles.
In terms of guidance, GM made the following upward revisions to its full-year 2024 forecast: Adjusted EBIT (earnings before interest and taxes): $14 billion to $15 billion ($13 billion-$15 billion ...
Shares of the automaker closed up 7.8%, with the stock hitting its highest levels since August 2023. ... GM also forecast total US auto industry sales to hit 16 million in 2024, ...
General Motors (NYSE: GM) closed out a strong 2024 with fourth-quarter results that beat Wall Street's expectations. The U.S.-based automaker also predicts another good year in 2025 with even ...
GM's strong performance also resulted in the company lifting its 2024 guidance. The company now sees full-year adjusted EBIT of $12.5 billion-$14.5 billion, up from an outlook of $12 billion-$14 ...
GM's stock has outperformed its rivals and the S&P 500 in 2024. The company's share price has increased 38% this year as of Monday, while cross-town rival Ford Motor has notched an 18% increase ...
General Motors shares jumped after the automaker reported profit jumped in the fourth quarter, driven again by record revenue and strong demand. GM stock pops after fourth quarter sales, profits ...