General Motors gaps higher on better than expected guidance numbers
General Motors Company (GM) is up 8.0% Friday. The stock gapped higher after the company announced that it expects 2018 adjusted earnings to top previous estimates and forecast 2019 earnings above Wall Street estimates. The company forecast 2019 earnings in a range of $6.50 to $7.00 per share, above the $5.86 analysts forecast.
General Motors Company (GM) is a US automaker.
Caesars Entertainment Corporation (CZR) and Tilray, Inc. (TLRY) top the list of other companies with positive news today, while Activision Blizzard, Inc. (ATVI) and Weight Watchers International, Inc. (WTW) top the list of companies with negative news.
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About General Motors Company
General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under three segments: GM North America, GM International, and GM Financial. The United States now has four brands instead of eight. The company remains the market leader in the U.S. with 17% share in 2018. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.