General Motors rises after lifting annual profit forecast

Marriott International

21/07/2026 12:34

** Shares of General Motors GM.N rise ~1.6% to $77 premarket
** Co raises its full-year earnings outlook after posting a 30% increase in second-quarter core profit on the back of profitable SUV and truck sales
** Raises 2026 profit outlook by $500 million to a range of $14 billion to $16 billion
** On an adjusted basis, earns quarterly profit per share of $3.57, above analyst expectations of $3.20 - data compiled by LSEG
** Median PT of 28 brokerages covering the stock is $97.5 - data compiled by LSEG 
** As of last close, stock down ~7% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))