The Zhitong Finance App learned that on Tuesday, General Motors (GM.US) fell more than 5% to $78.07. According to the news, GM announced financial results for the third quarter of 2026. Financial reports show that the company's quarterly revenue was US$50,015 million, up 2.9% year on year, higher than LSEG's agreed estimate of about US$48.7 billion; adjusted earnings per share were US$3.70, up 32.2% year on year, higher than the agreed forecast of US$3.63.

Although the performance exceeded expectations, GM, which had already raised its guidelines twice during the year, narrowed the profit range this time, leaving investors expecting a third increase frustrated and dragging down stock prices. The company narrowed the 2026 adjusted earnings per share guide from $12-14 to $12.75-13.75 (expected $13.10); the adjusted profit before interest and tax guidance narrowed from $14-16 billion to US$14.5 billion to US$14.5-15.5 billion (expected US$15.06 billion); and raised the adjusted free cash flow guidance for the automobile business from US$9.5 billion to US$11.5 billion to US$11.5 billion. At the same time, the company also predicts that the total cost of tariffs in 2026 will be at the low end of the 2.5 billion to 3.5 billion US dollars range.

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