Stock futures were little changed on the busy earnings day; General Motors shares rise on strong results and enhanced outlook

General Motors shares rose on strong results and raised expectations

3 minutes ago

General Motors’ third-quarter results were better than expected. Its updated full-year guidance helps lift shares significantly before the bell.

Shares of General Motors rose nearly 10% after the “Big Three” automaker raised its 2025 forecasts on several metrics, including adjusted profit to a range of $9.75 to $10.50 per share from $8.25 to $10.00 previously. It also raised its revised EBITDA forecast to $12.0 billion to $13.0 billion from $10.0 billion to $12.5 billion, and revised auto free cash flow to $10.0 billion to $11.0 billion from $7.5 billion to $10.0 billion.

GM also expects the total tariff impact for 2025 to improve to $3.5 billion to $4.5 billion from the previous range of $4 billion to $5 billion.

For the third quarter, GM reported adjusted EPS of $2.80 on revenue of $48.59 billion. Analysts surveyed by Visible Alpha were expecting $2.25 billion and $45.02 billion, respectively.

GM shares entered Tuesday up about 9% this year, less than the S&P 500’s rise of about 15%.

Stock futures fall on busy earnings day

40 minutes ago

Futures tied to the Dow Jones Industrial Average were slightly lower.

S&P 500 futures also fell less than 0.1%.

Nasdaq 100 futures fell 0.1%.