Why General Motors Stock Is Moving Higher Today
Shares of General Motors (NYSE: GM) were moving higher on Thursday, after the company's chief financial officer told analysts that GM now expects its full-year operating profit to come in above its previous guidance.
As of 10:30 a.m. ET, GM's shares were up about 4.3% from Wednesday's closing price.
In a presentation at a Credit Suisse event for analysts on Wednesday, GM CFO Paul Jacobson boosted the company's full-year guidance for adjusted earnings before interest and tax, or "EBIT-adjusted" in GM's lingo.
Source Fool.com
