General Motors shares fell 6.8% Tuesday following the automaker’s third-quarter report, which showed higher revenue and profit alongside an unchanged midpoint for its full-year adjusted earnings forecast.
The stock closed at $77.10, down from $82.75 on Oct. 19, ChartExchange data show. By 9:29:30 a.m. ET, before regular trading began, shares had fallen 6.3% to $77.50. The trading data do not establish what drove investors’ decisions.
GM reported $50.015 billion in revenue for the quarter ended Sept. 30, up 2.9% from a year earlier. Net income attributable to stockholders rose to $3.335 billion from $1.327 billion, while adjusted earnings per diluted share increased to $3.70 from $2.80. North America accounted for $3.592 billion of the company’s $4.106 billion in EBIT-adjusted earnings.
For 2026, GM narrowed its forecast for adjusted earnings before interest and taxes, or EBIT-adjusted earnings, to $14.5 billion to $15.5 billion from $14 billion to $16 billion. The midpoint remains $15 billion. The company raised its adjusted automotive free cash flow forecast to $11.5 billion to $12.5 billion from $9.5 billion to $11.5 billion.
GM now estimates about $2 billion in commodity inflation this year, including logistics and memory-chip costs, at the upper end of its previous $1.5 billion to $2 billion assumption. It expects gross tariff costs near the lower end of a $2.5 billion to $3.5 billion range. GM continues to expect $1 billion to $1.5 billion in additional expenses tied to U.S. production moves, supply-chain investment and software.
GM said its board authorized a $20 billion multiyear share repurchase program after completing an earlier $6 billion program. GM set no end date for the new authorization and may halt purchases.
GM said stronger results in 2027 depend on continued customer demand and easing cost pressures.
