2 Hrs
Source:
الخليج
GM increases 2026 profit outlook
General Motors raised their earnings forecast for 2026 after strong quarterly results, surpassing expectations with second-quarter revenue of $48.03 billion and adjusted earnings per share of $3.57. Based on solid performance in North America and steady demand for vehicles, the company increased its projected pre-tax profit range to between $14 billion and $16 billion. It also updated its outlook for adjusted earnings per share to between $12 and $14, while lowering the net income return to shareholders estimate to between $8.4 billion and $9.8 billion. These results reflect robust demand, reduced warranty costs, and lower losses from electric vehicles, as the company continues to cut investments in that sector.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)