GM Beats Q3 Earnings, Tightens Outlook, Announces $20B Buyback
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General Motors posted third‑quarter revenue of fifty‑billion dollars, surpassing estimates. Adjusted earnings per share reached three‑point‑seven, above the three‑point‑five‑seven forecast. The company tightened its full‑year profit outlook, narrowing adjusted EBIT to fourteen‑point‑five to fifteen‑point‑five billion. GM unveiled a new twenty‑billion‑dollar share repurchase program with no expiration. It also declared a quarterly dividend of zero‑point‑one‑eight dollars per share.
Timeline
- On October 22 2024 GM reports Q3 revenue fifty‑billion dollars, beats consensus.
- On October 22 2024 Full‑year EBIT outlook narrowed to fourteen‑point‑five‑fifteen‑point‑five billion.
Sources
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