GM Stock Reaches Four-Year High After Strong Earnings Report
General Motors (GM) is one of the top-performing stocks on Wall Street today, with its stock price rising 12.1% to $65, following a positive earnings report.
The automaker reported adjusted third-quarter earnings of $2.80 per share and $48.60 billion in revenue, exceeding estimates. GM also raised its full-year guidance and reduced the expected impact of tariffs to between $3.5 billion and $4.5 billion.
The stock is on track for its best single-session gain since March 2020, reaching a four-year high of $65.64. Despite two consecutive weekly losses earlier in the month, the shares were supported by their 80-day moving average and are now nearly 20% higher year to date.
Analyst revisions are expected to follow, but have not been reported yet.
Author's summary: GM stock soars after strong earnings.
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