GM’s profit per share and sales beat analysts’ estimates, but it narrowed its full-year profit forecast without saying which way. The report does not show a clear change in its outlook.
Those results offer two positive signs: profit per share and sales topped analysts’ estimates. But GM also narrowed its full-year profit forecast, and the story does not say whether the range moved up or down. Together, these facts do not show a clear change in GM’s outlook.
Genuine Parts reported sales below expectations and cut its full-year profit forecast below estimates. Both point to weaker results than analysts expected.
Steel Dynamics reported third-quarter earnings below expectations. That points to weaker results than analysts expected.
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