US Stocks: GM's core profit rises 22% on strength of pickup-truck business
General Motors exceeded analyst expectations in third-quarter earnings, driven by robust demand for their pickups and SUVs. The company reported an adjusted EBIT of $4.1 billion, marking a 22% year-over-year increase. Despite facing inflationary challenges, GM forecasts an adjusted EBIT of $14.5 billion to $15.5 billion by 2026. Additionally, a $20 billion stock buyback program was initiated to…
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
