General Motors reported third-quarter net sales and revenue of $50.02 billion, surpassing the estimated $48.53 billion. Adjusted earnings per share came in at $3.70, exceeding the expected $3.56.
The automaker sold 1.03 million vehicles in the period, outpacing the estimate of 982,528 units. In North America, adjusted EBIT reached $3.59 billion, slightly above the projected $3.54 billion. However, international operations recorded an adjusted EBIT of $28 million, falling short of the estimated $130.4 million.
For the full fiscal year, General Motors updated its outlook for adjusted EPS to a range of $12.75 to $13.75, narrowing its previous guidance of $12 to $14. The company now projects full-year adjusted EBIT between $14.5 billion and $15.5 billion, adjusted from the earlier range of $14 billion to $16 billion.
Adjusted automotive free cash flow is anticipated to be between $11.5 billion and $12.5 billion, an increase from the prior forecast of $9.5 billion to $11.5 billion.