GM falls after full-year earnings forecast misses estimates
BUZZ-GM falls after full-year earnings forecast misses estimates ** Automaker General Motors GM.N shares down nearly 8% at $76.2 premarket
** Co tightens its annual adjusted earnings-per-share forecast to between $12.75 and $13.75, the midpoint of which is below analysts' estimates of $13.41 - data compiled by LSEG
** Co forecasts 2026 adjusted EBIT of $14.5 billion to $15.5 billion, narrowing its prior outlook of $14 billion to $16 billion
** Says it remains confident despite inflationary pressures from higher logistics and energy costs, tariffs and other expenses
** Reports Q3 adjusted earnings of $3.70 per share, topping analysts' expectations of $3.63 - data compiled by LSEG
** As of last close, stock up ~2% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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