GM Beat Expectations on Almost Everything: The Stock Now Eyes Its Worst Day in 15 Months
GM stock falls despite a third-quarter earnings beat and a $20 billion buyback, as a flat profit outlook and higher costs weigh on shares.
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Why It Matters
GM made more money than expected and is buying back stock. But the company said profits might stay flat and costs are rising higher.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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