General Motors stock is moving sharply lower Tuesday even after the automaker reported a fourth-quarter earnings beat. Here's what you need to know.
General Motors Co. in Detroit today reported record 2024 profits of $14.9 billion, up 21 percent over 2023. The automaker did so with $187 billion in revenue last year, a 9 percent increase over year prior.
Morgan Stanley analyst Adam Jonas maintained a Hold rating on General Motors (GM – Research Report) yesterday and set a price target of
General Motors is up 4.9% since the beginning of the year, but at $53.90 per share, it is still trading 10.5% below its 52-week high of $60.20 from November 2024.
Last month the vehicle manufacturing giant warned that the poor performance of its Chinese joint ventures would force it to write down assets.
The stock's fall snapped a four-day winning streak.
GM faces China setback but beats expectations, offers generous profit-sharing to workers, and navigates U.S. regulations.
General Motors (GM) issued an upbeat full-year earnings outlook on Tuesday as the automaker's fourth-quarter results topped market expectations. The company anticipates adjusted earnings to be in a range of $11 to $12 for 2025,
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street
General Motors impressed with strong Q4 2024 earnings, as well as healthy guidance for 2025.
General Motors reported a record adjusted net income for 2024 Tuesday, just a year removed from a costly strike by the United Auto Workers union, and said that it expects even better operating results in the year ahead.