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 bolster share value.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
