Dow Jones Today: Stock Futures Tick Lower on Busy Earnings Day; GM Shares Surge on Strong Results, Boosted Outlook

GM Stock Pops on Strong Results, Lifted Outlook

6 minutes ago

General Motors’ (GM) third-quarter results were better than expected. Its updated full-year guidance is helping send shares significantly higher before the bell.

GM shares surged nearly 10% after the “Big Three” automaker lifted its 2025 projections for several metrics, including adjusted profit to a range of $9.75 to $10.50 per share from the prior $8.25 to $10.00. It also raised its adjusted EBIT forecast to $12.0 billion to $13.0 billion from $10.0 billion to $12.5 billion, and adjusted automotive free cash flow to $10.0 billion to $11.0 billion from $7.5 billion to $10.0 billion.

GM also sees its 2025 gross tariff impact improving to $3.5 billion to $4.5 billion from the prior range of $4 billion to $5 billion.

For the third quarter, GM reported adjusted EPS of $2.80 on revenue of $48.59 billion. Analysts surveyed by Visible Alpha had expected $2.25 and $45.02 billion, respectively.

GM shares entered Tuesday up about 9% this year, below the roughly 15% rise of the benchmark S&P 500.

Stock Futures Tick Lower on Busy Earnings Day

43 minutes ago

Futures tied to the Dow Jones Industrial Average were fractionally lower.

S&P 500 futures also were down less than 0.1%.

Nasdaq 100 futures were 0.1% lower.