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Profit guidance misses expectations after three consecutive increases: General Motors (GM.US) international business profits plunge 88%, spends $20 billion on share buybacks

Profit guidance misses expectations after three consecutive increases: General Motors (GM.US) international business profits plunge 88%, spends $20 billion on share buybacks

智通财经智通财经2026/10/20 11:08
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According to information from Zhitong Finance APP, before the US stock market opened on October 20, General Motors (GM.US) released its financial report for the third quarter of 2026. The report shows that the company's quarterly revenue was $50.015 billion, up 2.9% year-on-year, exceeding the LSEG consensus estimate of about $48.7 billion; adjusted earnings per share were $3.70, a year-on-year increase of 32.2%, higher than the consensus estimate of $3.63.
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