GM Shares Fall 7.3% After Results and Narrowed FY26 EPS Guidance
General Motors reported third-quarter earnings of $3.70 per share and sales of $50.015 billion, both above analyst estimates, and narrowed its FY26 EPS guidance. Shares fell 7.3% to $76.71 in premarket trading.
U.S. stock futures were mixed this morning, with the Nasdaq 100 futures falling around 200 points on Tuesday. Shares of General Motors Co (NYSE: GM ) fell in pre-market trading after the company reported third-quarter financial results and narrowed its FY26 EPS guidance. General Motors reported quarterly earnings of $3.70 per share which beat the analyst consensus estimate of $3.63 per share.
The company reported quarterly sales of $50.015 billion which beat the analyst consensus estimate of $48.697 billion. General Motors shares dipped 7.3% to $76.71 in pre-market trading. Here are some other stocks moving lower in pre-market trading. FreightCar America Inc (NASDAQ: RAIL ) shares dipped 18.8% to $4.75 in pre-market trading after the company updated its full-year outlook and reported preliminary third quarter results.
4D Molecular Therapeutics Inc (NASDAQ: FDMT ) fell 10.1% to $11.05 in pre-market trading. Nuscale Power Corp (NYSE: SMR ) dipped 7.4% to $5.27 in pre-market trading following a 2% decline on Monday. Enerflex Ltd (NYSE: EFXT ) fell 6.4% to $23.00 in pre-market trading. Genuine Parts Co (NYSE: GPC ) declined 6.3% to $122.00 in pre-market trading after the company reported worse-than-expected third-quarter sales results and lowered its FY26 GAAP EPS guidance below estimates.
Steel Dynamics, Inc. (NASDAQ: STLD ) declined 5.8% to $231.00 in pre-market trading after the company posted weaker-than-expected earnings for the third quarter. RoboStrategy Inc (NASDAQ: BOT ) fell 5.4% to $21.49 in pre-market trading. AXT Inc (NASDAQ: AXTI ) declined 5% to $53.95 in pre-market trading after gaining 10% on Monday.
Karooooo Ltd (NASDAQ: KARO ) fell 5% to $59.00 in pre-market trading after the company reported second-quarter financial results. The company affirmed its FY27 GAAP EPS guidance with its midpoint slightly below estimates. Photo via Shutterstock