General Motors Delivers Q2 Beat, Braces For Higher Tariff Pressures Ahead

Shares of General Motors Co (NYSE:GM) tanked in early trading on Wednesday, despite the company surpassing revenue and earnings estimates.

The General Motors Analyst: Wedbush analyst Daniel Ives maintained an Outperform rating and price target of $55.

The General Motors Thesis: The company reported revenues of $47.12 billion, down 2% year-on-year, but significantly higher than Street expectations of $45.84 billion, driven by "strong demand for its vehicles and stable vehicle pricing," Ives said in the note.

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General Motors announced earnings of $2.53 per share, topping ...