A $20 Billion Buyback Isn't Enough for GM's Stock Price -- WSJ
Dow Jones2026/10/20 12:11By WSJ Staff
General Motors posted higher profit and revenue in its latest quarter and announced a mega $20 billion buyback plan to boost its stock price.
But it seems the update left investors wanting more: Shares in the automaker are sliding almost 8% ahead of the bell.
One possible source of disappointment: Despite beating analyst estimates on revenue for the latest quarter, the company narrowed its full-year adjusted earnings per share guidance to $12.75 to $13.75, compared with $12 to $14 previously.
Analysts were expecting adjusted earnings of $13.47 a share.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 20, 2026 08:11 ET (12:11 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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