GM’s Stock Soars on Steady Profits, Rosier Full-Year Outlook - Yahoo

Oct 22, 2024 · GM’s Stock Soars on Steady Profits, Rosier Full-Year Outlook. ... GM’s Stock Soars on Steady Profits, Rosier Full-Year Outlook. ... The stock is up about 51% this year. GM …

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GM’s Stock Soars On Steady Profits, Rosier Full-Year Outlook - Yahoo

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Oct 22, 2024 · GM’s Stock Soars on Steady Profits, Rosier Full-Year Outlook. ... GM’s Stock Soars on Steady Profits, Rosier Full-Year Outlook. ... The stock is up about 51% this year. GM …

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GM Stock Hits 52-Week High On Blowout Q3: Hold Or Lock Profits?

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Oct 23, 2024 · The stock rose nearly 10%, marking its biggest daily percentage gain since 2020, as the company outpaced Wall Street's expectations and raised its full-year 2024 guidance for …

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GM Investors Plug Into Electrified Growth Story Amid Uncertain Road

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Dec 17, 2024 · Shares of GM charged to a 47% advance this year, outperforming the 14% drop for rival Ford , which has struggled on product quality, and above the S&P 500's 26% gain.

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GM's Shares Post Biggest Percentage Gain In Over 4 Years As …

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Oct 22, 2024 · Shares of General Motors surged almost 10% Tuesday after the automaker posted a $3 billion third-quarter profit, slightly less the same period a year ago. GM's stock closed up …

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GM Reports Rise In Q3 Profits, Boosting Its Full Year Outlook

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Oct 22, 2024 · GM reported pretax income rose 15.5% and revenue shot up 10% as it held its average prices high and costs in check. But there were costly challenges.

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What Analysts Are Saying About GMS Stock - Nasdaq

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Nov 25, 2024 · Analysts have recently evaluated GMS and provided 12-month price targets. The average target is $94.5, accompanied by a high estimate of $115.00 and a low estimate of …

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Are Robust Financials Driving The Recent Rally In GMS ... - Yahoo …

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Mar 25, 2024 · GMS' (NYSE:GMS) stock is up by a considerable 16% over the past three months. Since the market usually pay for a company’s long-term fundamentals, we decided to study …

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GM Shares Surge As Automaker Tops Estimates On ‘remarkably’ …

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Oct 22, 2024 · GM said on Tuesday it was on track to deliver between $14-billion and $15-billion in pretax profit, an increase from mid-year’s $13-billion to $15-billion range due to strong …

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FAQs about GM’s Stock Soars on Steady Profits, Rosier Full-Year Outlook - Yahoo Coupon?

How did GM's third-quarter results affect its stock?

U.S. legacy automaker General Motors GM delivered stellar third-quarter results yesterday, which drove its shares to a 52-week high. The stock rose nearly 10%, marking its biggest daily percentage gain since 2020, as the company outpaced Wall Street's expectations and raised its full-year 2024 guidance for the third time this year. ...

Why did GM stock surge Tuesday?

General Motors (GM) shares surged Tuesday after the biggest U.S. carmaker posted better-than-expected results and raised its profit guidance on steady pricing and cost controls. The company reported third-quarter adjusted earnings per share (EPS) of $2.96, with revenue increasing more than 10% to $48.76 billion. ...

Why did GM's third-quarter revenue rise a year ago?

General Motors reported Tuesday that its third-quarter revenue and pretax profits rose from the same period a year ago as GM has continued to whittle down costs and hold prices steady while demand for its most profitable vehicles remains strong. ...

What will GM's profit look like next year?

CEO Mary Barra has been focusing on stability, saying earlier this month that GM’s profit next year is expected to look similar to this year. GM has said pricing could be softer next year, but it expects results to be supported by cost cuts on SUVs and electric vehicles and improvement in China. ...

Why did General Motors' shares climb to a multi-year high?

Photo: Getty Images Shares of General Motors climbed toward a multiyear high Tuesday, after the automaker reported a big third-quarter profit beat and raised its full-year outlook, helped by progress on electric-vehicle profitability and an improved performance in China. ...

Why did GM lift its profit guidance in 2024?

The company lifted its profit guidance each time it reported earnings in 2024, powered by strong adoption of new crossover models, such as the Chevy Trax and the Cadillac Lyriq EV, and savvy cost cuts. GM used its improving cash position to repurchase $2.4 billion in stock year to date, more than double the pace compared to one year ago. ...