{
  "id": 15737022,
  "title": "GM shares sink as full-year profit forecast misses Wall Street estimates",
  "url": "https://urgent.news/2026/10/20/gm-shares-sink-as-full-year-profit-forecast-misses-wall-street",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T11:30:29.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/gms-core-profit-rises-22-on-strength-of-pickuptruck-business-4959524"
  },
  "original_language": "en",
  "account": "On Tuesday, General Motors' shares slipped as the automaker missed Wall Street's earnings-per-share forecast for the full year. Despite a sharp rise in its third-quarter core profit driven by strong pickup truck sales, GM's adjusted EPS for 2026 fell short of analyst expectations. The company reported adjusted EBIT of $4.1 billion, or $3.70 per share, surpassing expectations of $3.63. However, GM narrowed its annual adjusted earnings-per-share forecast to between $12.75 and $13.75, below the $13.41 analysts anticipated.\n\nInflationary pressures, including logistics, energy costs, tariffs, and other expenses, would amount to about $2 billion this year, according to GM. The company approved a multi-year, $20 billion stock buyback program and has already bought back $29.5 billion of its shares since 2023. This has resulted in a reduced share count, contributing to its improved per-share profit results.\n\nDuring the third quarter, GM sold a higher mix of large pickup trucks and fewer electric vehicles, which positively impacted its earnings. Revenue for the quarter reached $50 billion, a 2.9% increase from the previous year. In North America, profit margins improved to 8.7%, up from 6.2% a year earlier, despite a minor drop in quarterly sales.\n\nDespite the challenges ahead, GM remains confident in the path forward, assuming continued strong consumer demand and a moderation of cost pressures on commodities and logistics. The company reiterated its expectation that next year's results will be better.",
  "summary": null,
  "key_points": [
    "GM shares drop as earnings-per-share forecast misses Wall Street estimates",
    "Adjusted EPS for 2026 falls short of analyst expectations at $3.70",
    "Inflationary pressures and cost measures amount to $2 billion this year"
  ],
  "editors_take": "Rising logistics and energy costs are squeezing profit margins, forcing the automaker to rely on high-margin pickup truck sales to offset the financial drag of inflationary pressures.",
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
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        "url": "https://urgent.news/2026/10/20/ant-backed-mynt-which-runs-mobile-wallet-app-gcash-rose-as-much-as-2",
        "published": "2026-10-20T08:00:47.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "General Motors beats Wall Street's Q3 earnings expectations, narrows full-year guidance",
        "url": "https://urgent.news/2026/10/20/general-motors-beats-wall-streets-q3-earnings-expectations-narrows",
        "published": "2026-10-20T10:31:50.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "GM shares sink as full-year profit forecast misses Wall Street estimates",
        "url": "https://urgent.news/2026/10/20/gm-shares-sink-as-full-year-profit-forecast-misses-wall-street-15739468",
        "published": "2026-10-20T12:01:08.000Z"
      },
      {
        "outlet": "Expansion ES",
        "title": "JPMorgan: bitcoin will rise more in the long term than Wall Street and gold",
        "url": "https://urgent.news/2026/10/20/jpmorgan-el-bitcoin-subira-mas-a-largo-plazo-que-wall-street-y-el-oro",
        "published": "2026-10-20T12:20:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}