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General Motors Profit Outlook Disappoints, Stock Sinks

BenzingaNeeraj Jain

General Motors stock falls premarket despite Q3 earnings beat as narrowed 2026 profit guidance misses Wall Street expectations.

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    General Motors (GM) Q3 Earnings and Revenues Top Estimates

    General Motors reported Q3 2026 earnings of $3.7 per share, beating consensus estimates of $3.55, with revenues of $50.02 billion exceeding expectations by 3.75%. However, GM shares have gained only 1.8% year-to-date versus the S&P 500's 12.4% gain. The stock received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market. Tesla, also in the automotive sector, is expected to report results on October 21 with revised downward earnings estimates.