India, July 21 -- General Motors Co. reported Tuesday lower second-quarter profit despite revenue growth. Further, the automajor trimmed fiscal 2026 outlook for net profit on a reported basis for higher adjustments, but raised adjusted earnings view for the second time this year. The firm also declared quarterly dividend.
In the early morning trading on the NYSE, GM shares were gaining around 2.27 percent, trading at $77.55.
For fiscal 2026, the company now expects net income attributable to stockholders to be $8.4 billion to $9.8 billion or $8.98 to $10.98 per share. The outlook is lower than previous estimate of $9.9 billion to $11.4 billion in net income and $10.62 to $12.62 in earnings per share.
The revised outlook mainly reflects e...