US Stock Market Move | Profit guidance misses expectations for a third consecutive increase; General Motors Company (GM.US) falls over 5%.

On Tuesday, General Motors Company (GM.US) fell more than 5% to $78.07. On the news front, General Motors Company released its third-quarter 2026 financial results. The report showed quarterly revenue of $50.015 billion, up 2.9% year-over-year, above the LSEG consensus estimate of about $48.7 billion; adjusted earnings per share were $3.70, up 32.2% year-over-year, above the consensus estimate of $3.63. Despite the beat, GM, which had already raised guidance twice this year, narrowed its profit range this time, disappointing investors who had expected a third raise and weighing on the stock. The company narrowed its 2026 adjusted EPS guidance to $12.75$13.75 from $12$14 (estimate $13.10); narrowed its adjusted EBIT guidance to $14.5$15.5 billion from $14$16 billion (estimate $15.06 billion); and raised its adjusted automotive free cash flow guidance to $11.5$12.5 billion from $9.5$11.5 billion. The company also expects total 2026 tariff costs to be at the low end of the $2.5$3.5 billion range.