GM Gains 2.5% Ahead of October Earnings Report
The automaker outpaced major indexes in its latest session as investors look toward its October 20 earnings release.
Key takeaways
- GM closed at $80.23, up 2.5% in its latest trading session.
- Zacks consensus estimates call for quarterly EPS of $3.41 and revenue of $48.33 billion.
General Motors shares rose 2.5% to close at $80.23 in the latest trading session, ahead of gains in the major U.S. indexes. The S&P 500 added 0.66%, the Dow rose 0.18% and the Nasdaq gained 1.05%.
The move followed a 10.81% decline in GM shares over the previous month, according to the article. The stock had lagged both the Auto-Tires-Trucks sector and the S&P 500 over that period.
GM plans to report earnings on October 20. Zacks consensus estimates call for earnings of $3.41 per share and revenue of $48.33 billion for the quarter, with revenue down 0.53% from a year earlier.
This article was produced with the help of AI technology. Source: Yahoo Finance
