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المشهد العربي
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2026-11-10T07:30:22.000Z

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GM dips despite earnings beat

GM dips despite earnings beat

General Motors shares fell 5.5% to $78.18, despite the company’s quarterly results beating analyst estimates, bringing its market value down to about $68 billion. The article attributed the decline to investor concerns about rising costs amid inflation and geopolitical tensions. The company expects about $2 billion in additional costs this year, plus another $1 billion to $1.5 billion in costs related to investment, supply chains, and shifting production to the United States.

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