General Motors, Q2 Beat
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US stocks closed mixed Tuesday, but the benchmark S&P 500 (^GSPC) was able to eke out a new record as Wall Street digested a new batch of earnings, including a tariff warning from General Motors (GM),
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Why General Motors (GM) Shares Are Sliding Today
What Happened? Shares of automotive manufacturer General Motors (NYSE:GM) fell 7.3% in the morning session after the company reported its second-quarter earnings, which showed a significant profit decline due to tariff-related costs.
General Motors’ net income shrank 35% in the second quarter despite strong sales gains.
GM warned the toll could grow in the second half of the year, reiterating its previous estimate of a $4 billion to $5 billion hit for the year. Shares dropped 7% during the day, even as the company's adjusted earnings per share of $2.
General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.
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General Motors has revealed that tariffs imposed by Donald Trump’s administration sliced an eye-watering $1.1 billion from its second-quarter profits, causing a 3% dip in its stock price. That throbbing hit knocked GM’s operating earnings down by nearly a third compared to the same time last year, the published numbers revealed.
General Motors (NYSE:GM) faces tariff pressures despite solid mitigation efforts, impacting profits and shares. Learn how trade risks shape GM's outlook.