GM Profit Climbs, Outlook Lags

It's Benzinga, bringing Wall Street to Main Street. electric vehicle sales helped boost profits. GM narrowed its full-year adjusted earnings forecast to between $12.75 and $13.75 per share, with the midpoint falling below analyst expectations. Shares fell about 4% in pre-market trading. The automaker expects about $2 billion in commodity inflation this year, including higher logistics and computer chip costs. GM also announced a $20 billion stock buyback program and reiterated expectations for improved results next year. For all things money visit Benzinga.com