Thu, January 30, 2025
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[ Thu, Jan 30th ] - WOPRAI
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[ Thu, Jan 30th ] - WOPRAI
As of Jan 30th, 2025, there has been substantial selling of in recent trading
[ Thu, Jan 30th ] - Investopedia
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[ Wed, Jan 29th ] - MSN
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[ Wed, Jan 29th ] - AOL
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[ Wed, Jan 29th ] - bnnbloomberg
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[ Wed, Jan 29th ] - WOPRAI
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[ Wed, Jan 29th ] - MSN
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[ Wed, Jan 29th ] - Oregonian
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[ Wed, Jan 29th ] - WOPRAI
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[ Wed, Jan 29th ] - WOPRAI
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[ Wed, Jan 29th ] - WOPRAI
Short squeeze is starting in shares of ALGT at $1 .. 9, after crossing above the $103.14 Trigger Price
[ Wed, Jan 29th ] - AOL
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[ Wed, Jan 29th ] - MSN
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[ Wed, Jan 29th ] - ThePrint
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[ Wed, Jan 29th ] - WOPRAI
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[ Wed, Jan 29th ] - WOPRAI
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[ Wed, Jan 29th ] - MSN
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[ Wed, Jan 29th ] - WOPRAI
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[ Tue, Jan 28th ] - MSN
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[ Tue, Jan 28th ] - Yahoo
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[ Tue, Jan 28th ] - MSN
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[ Tue, Jan 28th ] - MSN
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[ Tue, Jan 28th ] - MSN
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[ Tue, Jan 28th ] - CNBC
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[ Tue, Jan 28th ] - Forbes
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[ Tue, Jan 28th ] - MSN
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[ Tue, Jan 28th ] - Newsweek
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[ Tue, Jan 28th ] - bnnbloomberg
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[ Tue, Jan 28th ] - MarketWatch
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[ Tue, Jan 28th ] - MSN
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[ Tue, Jan 28th ] - WOPRAI
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[ Tue, Jan 28th ] - WOPRAI
As of Jan 28th, 2025, there has been substantial selling of PEDEVCO Corp. in recent trading

Why General Motors Stock Is Sinking After Its Earnings Beat


//stocks-investing.news-articles.net/content/202 .. rs-stock-is-sinking-after-its-earnings-beat.html
Published in Stocks and Investing on Tuesday, January 28th 2025 at 10:41 GMT by Kiplinger   Print publication without navigation

  • General Motors stock is moving sharply lower Tuesday even after the automaker reported a fourth-quarter earnings beat. Here's what you need to know.

General Motors (GM) experienced a significant drop in its stock price despite reporting better-than-expected earnings for the first quarter. The company's earnings per share were $2.21, surpassing the consensus estimate of $1.64, and its revenue reached $39.99 billion, exceeding expectations of $38.67 billion. However, several factors contributed to the stock's decline. Firstly, GM provided a cautious outlook for the full year, projecting a lower adjusted EPS of $8.50 to $9.50, which was below the $9.01 expected by analysts. Additionally, the company forecasted a slight decrease in U.S. auto sales for 2023, predicting 15 million units compared to 15.4 million in 2022. Moreover, GM announced plans to cut costs by $2 billion over the next two years, signaling potential economic concerns. These factors, combined with broader market concerns about economic slowdown and high interest rates affecting auto sales, led investors to sell off GM stock, overshadowing the positive earnings report.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/why-general-motors-gm-stock-is-sinking-after-its-earnings-beat ]

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