GM stock rises after raising
Photo: Gene J. Puskar AP/TT

GM stock rises after raising 2026 profit forecast

American automaker General Motors (GM) is raising its profit forecast for 2026 by $500 million.

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Both pickup trucks and GM's SUV models are selling well despite gasoline prices skyrocketing since the Iran war began.

Adjusted operating profit for 2026 is expected to be $15.5 billion, according to the new forecast.

The forecast increase comes as GM reports significantly stronger-than-expected results for the first quarter of the year. Adjusted earnings per share rose to $3.70, compared to expectations of $2.60 per share.

GM shares rose 6 percent in futures trading on Wall Street after the report.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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