GM Earnings Beat: Profit Forecast Rises After $500 Million Tariff Break
General Motors raised its 2026 profit forecast Tuesday after a $500 million tariff adjustment and stronger-than-expected first-quarter results. GM reported Q1 revenue of $43.6 billion, net income of $2.6 billion, and adjusted EBIT of $4.3 billion. Adjusted earnings per share rose 33% to $3.70, beating analyst estimates. Shares climbed about 5% in premarket trading.