🚀 GM beats expectations

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Market Overview
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Year To Date Performances:

1. General Motors’ stock surged more than 11% Tuesday after the automaker beat third-quarter earnings expectations and raised its full-year outlook, citing stronger performance and reduced tariff impacts. GM reported adjusted earnings per share of $2.80 on $48.59 billion in revenue, surpassing Wall Street forecasts on both counts. The company now expects adjusted EBIT between $12 billion and $13 billion for 2025, up from prior guidance of $10 billion to $12.5 billion. CEO Mary Barra credited the results to GM’s “compelling vehicle portfolio” but acknowledged challenges in its electric vehicle division, where only about 40% of models are profitable on a production basis. Despite EV-related write-downs cutting net income by more than half year-over-year to $1.3 billion, GM’s international gains and improved financial performance lifted investor confidence, sending shares toward their best day in over five years.

2. Coca-Cola beat Wall Street’s expectations for both earnings and revenue in the third quarter, but the company acknowledged that demand remains sluggish. The beverage giant reported adjusted earnings of 82 cents per share on $12.41 billion in revenue, slightly above analyst forecasts, with net income rising to $3.7 billion from $2.85 billion a year earlier. While overall unit case volume grew 1%, demand in North and Latin America stayed flat as low-income U.S. consumers continued to cut back. Growth was driven by water, sports drinks, coffee, and tea, each up 2–3%, while juice and plant-based beverages fell 3%. Coke maintained its full-year outlook for 3% earnings growth and 5–6% organic revenue gains, and projected modest currency tailwinds for 2026. Shares rose nearly 3% in premarket trading.

3. Airbnb announced a new suite of social features that allow guests attending the same experience to directly message and connect, as part of its ongoing effort to expand beyond home rentals. The update includes a pre-event dashboard showing attendee profiles, though users must opt in to these social tools for each event. It builds on Airbnb’s major app overhaul in May, which introduced catering, personal training, and other services as the company invests up to $250 million in new business opportunities. The platform also upgraded its AI chatbot, which can now modify or cancel reservations in multiple languages, and enhanced maps and search tools to highlight nearby attractions and alternative listings better.

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