General Motors Authorizes $20 Billion Buyback After Third-Quarter Results
Photo: TokenPost
General Motors authorized a $20 billion share repurchase program and raised its 2026 adjusted automotive free cash flow forecast Tuesday after stronger third-quarter results, even as it anticipates higher costs. GM released the results at 6:30 a.m. ET (10:30 UTC), the time set for its third-quarter earnings announcement before U.S. markets opened. Revenue for the three months ended Sept. 30 reached $50.015 billion, up from $48.591 billion a year earlier. Net income attributable to stockholders rose to $3.335 billion from $1.327 billion. Adjusted diluted earnings increased to $3.70 per share from $2.80.
Source: TokenPost
