🔴 General Motors is trading 5% down today as full-year EPS guidance came in below consensus

General Motors is trading 5.33% down now at $78.34 after its October 20 earnings report, with full-year adjusted EPS guidance below analyst consensus.

• Third-quarter results beat estimates, but the full-year adjusted EPS guidance midpoint was $13.25, and the adjusted EBIT outlook narrowed.
• Reports linked the decline to the forecast shortfall; the newly authorized $20 billion buyback did not offset that concern.
• Shares fell from the October 19 close of $82.75, while the broader market was mixed.