Core Insights - GM's tariffs cost the company over $3 billion in 2025, significantly impacting profits and highlighting the importance of tariffs in financial results [1] - The EBIT-adjusted margin for GM fell to approximately 6.3% in 2025, a decline of about one percentage point from 2024, with North America experiencing even weaker margins [2] - CEO Mary Barra emphasized the company's adaptability to changing tax and trade policies, while also noting the positive impact of EVs, which attracted 100,000 new customers in 2025 [3] Financial Performance - The decline in EBIT-adjusted margins reflects a challenging environment, particularly in North America where margins dropped to the high-6% range from over 9% a year earlier [2] - Management aims to improve margins in 2026, targeting figures closer to those of 2024, despite uncertainties in government policy [3] Market Reaction - Following the announcement of these results, GM shares increased by 4% ahead of the market opening, indicating a positive reception from Wall Street [3]

分组1 - General Motors (GM) reported quarterly earnings of $2.51 per share, exceeding the Zacks Consensus Estimate of $2.2 per share, and up from $1.92 per share a year ago, representing an earnings surprise of +14.24% [1] - The company posted revenues of $45.29 billion for the quarter ended December 2025, which was 1.83% below the Zacks Consensus Estimate and down from $47.71 billion year-over-year [2] - General Motors has surpassed consensus EPS estimates in all four of the last quarters and has topped revenue estimates three times during the same period [2] 分组2 - The stock has underperformed the market, losing about 2.3% since the beginning of the year compared to the S&P 500's gain of 1.5% [3] - The current consensus EPS estimate for the upcoming quarter is $2.73 on revenues of $44.75 billion, and for the current fiscal year, it is $11.83 on revenues of $185.48 billion [7] - The Zacks Industry Rank for Automotive - Domestic is in the top 28% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]

智通财经APP获悉，得益于跨界SUV和皮卡销量强劲，通用汽车(GM.US)2025年第四季度核心利润实现增长，推动这家底特律 汽车制造商的股价在周二美股盘前涨超4%。财报显示，通用汽车Q4营收同比下降5.1%至452.9亿美元，不及分析师普遍预期的 458亿美元;归属于股东的净亏损33.1亿美元，高于上年同期的净亏损29.6亿美元。调整后的息税前利润为28.4亿美元，同比增长 13.3%;调整后的息税前利润率为6.3%，高于上年同期的5.3%。调整后的每股收益为2.51美元，同比增长30.4%，好于分析师普 遍预期的2.2美元。 | | Final 2025 Guidance | 2025 Results | 2026 Guidance | | --- | --- | --- | --- | | Net income attributable to stockholders | $7.7 billion - $8.3 billion | $2.7 billion | $10.3 billion - $11.7 billion | | EBIT-adjusted | $12.0 billion - $13.0 ...

Core Insights - General Motors reported a $7.2 billion charge due to declining customer interest in electric vehicles [1] - The company has increased its dividend and announced a new stock buyback program [1] Financial Adjustments - The $7.2 billion charge reflects the company's strategic adjustments in response to market trends [1] - The decision to boost dividends indicates a commitment to returning value to shareholders despite the challenges in the electric vehicle segment [1] - The new stock buyback program suggests confidence in the company's long-term prospects and aims to enhance shareholder value [1]

Group 1: Corporate Responses to Social Issues - The killing of Alex Pretti by federal agents has led to scrutiny of corporate executives as they navigate political tensions following Trump's return to office [2][3] - Incoming Target CEO Michael Fiddelke expressed the pain caused by violence in the community but did not directly address Trump or the victims [3] - Several Big Tech executives have remained silent on the incident, contrasting their vocal responses to the George Floyd case in 2020 [3] Group 2: Corporate Earnings and Stock Movements - General Motors shares rose over 4% after beating earnings expectations, announcing a 20% quarterly dividend increase and a $6 billion share repurchase authorization [5] - Despite slightly missing Wall Street's revenue forecast, GM pre-announced special charges related to legal matters and its headquarters move [6] - American Airlines missed expectations but saw a 3% rise in shares due to a positive revenue growth outlook for 2026, while Boeing shares increased by 1% after reporting higher-than-anticipated revenue [7] Group 3: Employment Changes in Major Companies - Nike is laying off 775 workers, primarily in distribution centers in Tennessee and Mississippi, as part of a strategy to streamline operations and return to profitable growth [10][11] - This layoff follows a previous announcement of 1,000 corporate job reductions made by Nike last summer [11] Group 4: Retail Investment Trends - The five-year anniversary of the GameStop short squeeze highlights the ongoing impact of retail investing, with individual investors now accounting for nearly 20% of average daily trading volume in U.S. equities, up from low single digits pre-pandemic [12][13] - Retail flows in 2025 were reported to be around 17% higher than during the meme stock mania in 2021, indicating sustained interest from retail investors [13] - GameStop shares increased by 4% after investor Michael Burry announced his purchase of the stock, emphasizing belief in the company's strategy rather than a reliance on short squeezes [14]

Financial Performance - GM reported revenue of $185.0 billion for CY 2025[39], and $45.3 billion for Q4 2025[43] - The company's EBIT-adjusted was $12.7 billion for CY 2025[39], with a margin of 6.9%[39], and $2.8 billion for Q4 2025[43], with a margin of 6.3%[43] - Adjusted automotive free cash flow was $10.6 billion for CY 2025[39] and $2.8 billion for Q4 2025[43] - EPS-diluted-adjusted was $10.60 for CY 2025[39] and $2.51 for Q4 2025[43] Sales and Market Share - GM achieved 1 in total U S sales with 2.9 million deliveries in CY 2025, up 6% year-over-year[12, 109] - U S market share grew by 0.6 percentage points to 17.2% in CY 2025[12] - Global deliveries increased by 0.2 million year-over-year to 6.2 million units in CY 2025[47] Strategic Initiatives and Investments - GM invested $9.2 billion in capital projects and repurchased $6.0 billion of stock in CY 2025[13] - Deferred revenue from OnStar services was $5.4 billion at the end of 2025, up 65% year-over-year[22] - The company expects EV losses to improve by $1.0-1.5 billion due to right-sizing EV capacity[34] 2026 Guidance - GM projects EBIT-adjusted to be in the range of $13.0-15.0 billion for 2026[34] - Adjusted automotive free cash flow is expected to be $9.0-11.0 billion for 2026[34] - EPS-diluted-adjusted is guided to be $11.00-13.00 for 2026[34]

Core Insights - General Motors (GM) faced significant financial challenges in 2025, primarily due to $7.9 billion in electric vehicle (EV)-related charges, which adversely affected its profitability [3][7] - The company reported a 55% decline in net income year-over-year, dropping from $6 billion in 2024 to $2.7 billion in 2025, largely attributed to $6 billion in EV-related charges in Q4 [7] - Despite these challenges, GM anticipates a rebound in adjusted EBIT for 2026, projecting between $13 billion to $15 billion with margins of 8-10% as it shifts focus from EVs to more profitable internal combustion engine (ICE) vehicles [7] Financial Performance - GM's total revenue for 2025 decreased by 1.3% to $185 billion, despite a 6% increase in U.S. vehicle sales, totaling 2.85 million vehicles [7] - The adjusted margin fell to 6.9% in 2025 from 8% in 2024, while the unadjusted GAAP net margin decreased to 1.5% from 3.2% [3] - Full-year adjusted EBIT was reported at $12.7 billion, which was below the company's guidance of $13.7 billion to $11 billion [7] EV Strategy and Future Investments - GM plans to invest $10 to $12 billion annually in 2026 and 2027, with approximately $5 billion allocated to expand U.S. manufacturing capacity for high-demand vehicles [5] - The company reported $6 billion in EV-related charges in Q4 2025, which included $4.2 billion for supplier settlements and contract cancellations, and a $1.6 billion charge for retooling the Orion Assembly plant for ICE vehicle production [4] - GM's sales of full-size SUVs and pickups were strong, with combined sales of GMC and Chevrolet pickups reaching 940,000 units in 2025, marking a 7% year-over-year increase and the best sales performance in 20 years [6]

Mary Barra, chair and CEO at General Motors, discusses fourth-quarter results, the vehicle offerings that are driving profits, commitment to EVs and hybrid vehicles, and how the automaker is managing the impact of tariffs. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, fea ...

Core Insights - The fourth quarter earnings season is gaining momentum, with major tech companies like Microsoft, Meta, Tesla, and Apple leading the earnings calendar [1] - A positive consensus is emerging, with 13% of S&P 500 companies having reported fourth quarter results, and analysts projecting an 8.2% increase in earnings per share, marking the potential for the 10th consecutive quarter of annual earnings growth for the index [2] - Analysts had initially expected an 8.3% increase in earnings per share, a decrease from the previous quarter's 13.6% growth rate, but have recently raised expectations, particularly for tech companies [3] Industry Trends - The earnings season will not only focus on Big Tech but will also assess the broader stock market breadth that has improved at the start of 2026, with ongoing themes such as artificial intelligence and economic policies from the Trump administration continuing to influence market dynamics [4] - In addition to the major tech earnings, updates will be provided from a diverse range of companies across various sectors, including UnitedHealth, Boeing, General Motors, IBM, Starbucks, and others, indicating a comprehensive earnings landscape [5]

Core Insights - General Motors (GM) reported stronger-than-expected earnings for the fourth quarter, beating Wall Street profit estimates while facing challenges in electric vehicle (EV) ambitions and restructuring in China [1][1][1] Earnings Performance - GM's adjusted earnings per share (EPS) for Q4 was $2.51, surpassing analyst expectations of $2.20, while revenue was $45.29 billion, slightly below the consensus forecast of $45.8 billion [1][1][1] - The company reported adjusted earnings before interest and taxes (EBIT) of $2.8 billion for the quarter, but faced a net loss of $3.3 billion due to significant one-off charges [1][1][1] Special Charges and Restructuring - The net loss was primarily driven by over $7.2 billion in special charges related to the scaling back of its EV strategy and ongoing restructuring efforts in China [1][1][1] - Additional charges included $357 million for legal matters, $5 million for headquarters relocation, and $133 million linked to the discontinued Cruise robotaxi business [1][1][1] Future Guidance - Despite the quarterly loss, GM's guidance for 2026 indicates confidence in future earnings, forecasting net income attributable to stockholders between $10.3 billion and $11.7 billion [1][1][1] - The company also projected adjusted EBIT of $13 billion to $15 billion and EPS in the range of $11 to $13, aligning with analyst expectations [1][1][1] Shareholder Returns - GM's board approved a new $6 billion share repurchase authorization and increased the quarterly dividend by 3 cents to 18 cents per share, marking a 20% increase [1][1][1] - The share buyback aims to reduce the outstanding shares, which decreased from 995 million at the end of the previous year to 904 million [1][1][1]