GM Raises Full-Year Guidance on Lower-Than-Expected Tariff Impact

The company’s shares rose by nearly 15 percent.

The new GM logo on the facade of General Motors Headquarters in Detroit on March 16, 2021. Rebecca Cook/Reuters

General Motors stock increased by nearly 15 percent on Oct. 21 after the Detroit-based automaker announced its third-quarter results and updated its full-year earnings guidance.

GM reported on Oct. 21 third-quarter revenue of $48.6 billion—down slightly from year-earlier revenue of $48.76 billion—with adjusted earnings per share of $2.80, beating analyst expectations of $2.31 per share.