Reported about 1 month ago
General Motors (GM) has raised its profit guidance for the third time this year after surpassing third-quarter revenue estimates, reporting $48.78 billion in revenue and adjusted earnings per share of $2.96. The company expects adjusted EBIT to reach $14.0 billion to $15.0 billion for 2024, significantly increasing its earlier forecast. While vehicle deliveries were slightly down year-over-year, GM's electric vehicle sales rose 60%, highlighting a positive trend despite competitive challenges.
Source: YAHOO