GM shares sink as full-year profit forecast misses Wall Street estimates
4 Articles
4 Articles
Forbes, the world's most well-conceived business and economic magazine. GM reported that it expects to close 2026 with an Ebit set in the range of US$14.5 billion to US$15.5 billion, a narrower range compared to the previous forecast The post GM Actions Despend after Annual Profit Forecast Stay Below Wall Street Expectations appeared first in Forbes Brazil.
Company adjusted its annual forecast of profit per share below the estimates of US$13.41, adjusted for an interval between US$12.75 and US$13.75, the average point of which is below the estimates of US$13.41 analysts.
The company reported that the quarterly profit before interest and taxes, excluding non-recurring items (adjusted Ebit), grew 22% compared to the previous year, to $4.1 billion
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
