GM - General Motors Investors Welcome $10B Buyback But Goldman Sachs Says Automaker Must Show EV Progress | Benzinga
General Motors was riding high today following its announcement on Wednesday of further shareholder returns and the reinstatement of its full-year guidance.
Shares in General Motors Co (NYSE:GM) were up 0.76% at $31.83 on Thursday, following a 9.4% surge in the previous trading session.
The company reissued full-year guidance after dropping it in the third quarter due to an ongoing dispute with the United Auto Workers union. General Motors now expects full-year earnings between $11.7-$12.7 billion, down from an earlier estimate of $12-$14 billion.
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GM’s Share Buyback Bonanza
While investors may have been disappointed by lower profit guidance, this was offset by the ...