GM easily outperformed Wall Street's third-quarter earnings expectations, leading the Detroit automaker in raising key guidance targets for 2024.
The automaker tightened its net income attributable to common stockholders, which excludes some dividend payouts, to between $10.4 billion and $11.1 billion, or $9.14 and $9.63 per share. That compared to its previous guidance of $10 billion to $11.4 billion, or $8.93 and $9.93. "The consumer has held up remarkably well for us," he said during a media briefing. "Nothing we see has changed from where we've been for the last several quarters."GM said revenue during the third quarter was up 10.5% from roughly $44 billion a year earlier. Its net income during the quarter rose slightly to $3 billion.
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