General Motors surges on annual core profit forecast raise

Shares of General Motors GM.N rise nearly 12% to about $65 in early trading

Co raises annual core profit forecast to $12.0 billion-$13.0 billion from $10.0 billion-$12.5 billion earlier, as it expects lower hit from tariffs

Lifts 2025 adj. EPS forecast to $9.75-$10.50 from $8.25-$10.00

Q3 adj. EPS of $2.8 beats analysts' estimates of $2.31, data compiled by LSEG

Quarterly revenue of $48.59 billion also tops expectation of $45.26 billion

Rivals Ford F.N and Stellantis' U.S.-listed shares STLAM.MI rose nearly 2% and 1.5%, respectively

Including session moves, shares up about 21.8% YTD