General Motors reported third-quarter adjusted earnings of $3.70 per share, beating Wall Street estimates of $3.63. The company's revenue increased 3% year-over-year to $50 billion, surpassing the consensus forecast of $48.77 billion. Additionally, GM narrowed its full-year adjusted EBIT guidance to a range of $14.5 billion to $15.5 billion. Despite exceeding financial expectations, the company's shares fell by 7%.
General Motors shares plunged following a planned pause in truck production and a subsequent cut to profit guidance, overshadowing a $50 billion revenue quarter.
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