GM - Ford Stock Is Trading Higher Tuesday: What's Going On? | Benzinga
Ford Motor Co (NYSE:F) shares are trading higher Tuesday after General Motors Co (NYSE:GM) raised its outlook for 2024.
What Happened With GM: GM reported first-quarter financial results before the market open on Tuesday. The Detroit-based automaker reported sales of $43 billion, which beat the consensus estimate of $41.878 billion, according to Benzinga Pro. GM reported adjusted earnings of $2.62 per share, which beat estimates of $2.14 per share.
GM raised its adjusted earnings guidance from a range of $8.50 to $9.50 per share to a new range of $9 to $10 ...