GM Stock Rallies After Earnings Beat Propelled by Gas-Powered Vehicles

GM Stock Rallies After Earnings Beat Propelled by Gas-Powered Vehicles · The Wall Street Journal

In This Article:

General Motors (GM) shares were up about 9% Tuesday afternoon after the Detroit automaker delivered third-quarter earnings per share that surged past investor expectations. “The consumer has held up remarkably well for us,” GM Chief Financial Officer Paul Jacobson told reporters on a call. The biggest surprise was the company’s third-quarter free cash flow, adjusted for one-time charges, which tallied $5.7 billion, about twice what analysts had expected.