GM Shares Surge 15% After Q3 Earnings Beat and Raised Full-Year Guidance

General Motors (GM) reported strong third-quarter earnings that surpassed analyst expectations, with adjusted earnings per share of $2.80 beating estimates despite a slight year-over-year revenue decline to $48.59 billion. The automaker's stock surged around 15% following the earnings release, reaching a multi-year high amid an improved full-year profit outlook, including adjusted EBIT guidance raised to $12 billion to $13 billion and adjusted EPS forecast increased to $9.75 to $10.50. CEO Mary Barra credited the positive momentum in part to tariff relief extended by President Donald Trump's administration, which is expected to enhance U.S. competitiveness and support domestic manufacturing. GM's performance was driven by strong sales of high-margin trucks and SUVs like the Silverado and Escalade, while the company is recalibrating its electric vehicle strategy by reducing EV inventory and reallocating production toward internal combustion engines. Despite net income dropping 57% due to restructuring and tariff costs, the company remains optimistic about its trajectory and market share gains, including profitability improvements in China. Analysts responded positively to GM's guidance revisions and strategic focus, signaling confidence in the automaker's ability to navigate ongoing challenges and capitalize on tariff adjustments.