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Did GM Just Kill the Best Reason to Own the Stock?
General Motors (NYSE: GM) just sounded a warning for the entire stock market.The auto manufacturing giant released its first-quarter earnings on Tuesday morning, but said that it would delay its earnings call until Thursday, apparently waiting for some clarity on tariffs. More importantly, it said that its guidance was no longer applicable due to tariffs and that it was suspending share buybacks.GM's stock fell modestly on Tuesday, trading down between 1% and 2% for most of the session, even though its first-quarter results were solid. Revenue in the quarter rose 2.3% to $44 billion, which was ahead of the consensus of $43.2 billion. Continue reading
General Motors (NYSE: GM) just sounded a warning for the entire stock market.
The auto manufacturing giant released its first-quarter earnings on Tuesday morning, but said that it would delay its earnings call until Thursday, apparently waiting for some clarity on tariffs. More importantly, it said that its guidance was no longer applicable due to tariffs and that it was suspending share buybacks.
GM's stock fell modestly on Tuesday, trading down between 1% and 2% for most of the session, even though its first-quarter results were solid. Revenue in the quarter rose 2.3% to $44 billion, which was ahead of the consensus of $43.2 billion.
