US Stock Market Move | General Motors Company (GM.US) rose 12%. Q3 performance exceeded expectations and full-year profit guidance was raised.

On Tuesday, General Motors Company (GM.US) rose by 12%, reaching $64.99. On the news front, General Motors announced its third-quarter performance and raised its full-year performance expectations. Its performance exceeded Wall Street's expectations, benefiting from better-than-expected pickup truck sales and some relief in tariffs on auto parts imposed by the Trump administration. In the three months ending on September 30th, adjusted earnings reached $2.80 per share, exceeding analysts' general expectation of $2.27, but lower than the $2.96 from the same period last year - when Trump's trade policies had not yet been implemented. Third-quarter revenue was $48.59 billion, down 0.3% year-on-year, but higher than market expectations.