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<Results> General Motors Company (GM.US) 1Q Profit Beats on Tariff Rebates
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General Motors Company (GM.US) reported first-quarter adjusted EPS of USD3.7, well above the expected USD2.62, after recording USD500 million in tariff rebates. Revenue was USD43.62 billion, slightly below expectations. The company raised its 2026 adjusted earnings guidance to reflect the tariff rebates, now forecasting earnings of between USD13.5 billion and USD15.5 billion, or USD11.5 to USD13.5 per share. This represents an increase of USD500 million, or USD0.5 per share, from its previous guidance. General Motors Company added that due to uncertainties surrounding the process and timing of tariff refunds, it did not raise its guidance for automotive free cash flow, which remains at between USD9 billion and USD11 billion. (sw/m) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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