Why General Motors Stock Is Moving Higher Today

·2-min read
Why General Motors Stock Is Moving Higher Today

Shares of General Motors (NYSE: GM) were moving higher on Thursday, after the company's chief financial officer told analysts that GM now expects its full-year operating profit to come in above its previous guidance. As of 10:30 a.m. ET, GM's shares were up about 4.3% from Wednesday's closing price. In a presentation at a Credit Suisse event for analysts on Wednesday, GM CFO Paul Jacobson boosted the company's full-year guidance for adjusted earnings before interest and tax, or "EBIT-adjusted" in GM's lingo.

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