{
  "id": 15739468,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T12:01:08.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/transport-logistics/gm-shares-sink-full-year-profit-forecast-misses-wall-street-estimates"
  },
  "original_language": "en",
  "account": "General Motors (GM) reported a 22% increase in quarterly earnings before interest and tax (adjusted EBIT) to US$4.1 billion, or US$3.70 per share, surpassing analyst expectations of US$3.63 per share. Despite this strong performance, GM's shares fell about 4% in premarket trading after the automaker revised its full-year adjusted EPS forecast to between US$12.75 and US$13.75, which is below analyst estimates of US$13.41 per share. GM's guidance for adjusted EBIT in 2026 narrowed from previous guidance of US$14 billion to US$16 billion, resulting in a narrower range than previously expected. The company cited inflationary pressures from higher logistics and energy costs, tariffs, and other expenses as factors contributing to the miss. GM remains confident in its business despite these challenges and announced a multi-year, US$20 billion stock buyback program, which has already resulted in the purchase of about US$29.5 billion of shares since 2023.",
  "summary": "Revenue totaled US$50 billion, up 2.9% from a year earlier",
  "key_points": [
    "GM earnings per share beat estimates at $3.70",
    "Company lowers full-year EPS forecast to $13.75",
    "GM cuts 2026 adjusted EBIT guidance to $16B"
  ],
  "editors_take": "Weakening full-year profit guidance despite strong quarterly earnings signals that rising logistics and energy costs are beginning to erode the automaker's bottom line and investor confidence.",
  "illustration": "https://urgent.news/ill/15739468.png",
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
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        "title": "Ant-backed Mynt, which runs mobile wallet app GCash, rose as much as 2.4% in Manila after raising $841M in the Philippines' largest-ever IPO, valuing it at ~$7B (Kimberley Kao/Wall Street Journal)",
        "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": "Investing.com",
        "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",
        "published": "2026-10-20T11:30:29.000Z"
      },
      {
        "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."
}