01:06 PM EDT, 10/22/2024 (MT Newswires) -- (Updates with share price movement in the headline and first paragraph.)

General Motors ( GM ) shares were up 9.2% in recent trading on Tuesday after it posted higher-than-expected Q3 adjusted earnings and revenue and raised the lower end of its full-year adjusted EPS guidance.

The company reported Q3 adjusted earnings of $2.96 per diluted share, up from $2.28 a year earlier.

Analysts polled by Capital IQ expected $2.40.

Revenue for the quarter ended Sept. 30 was $48.76 billion, up from $44.13 billion a year earlier.

Analysts polled by Capital IQ expected $44.38 billion.

The company said it now expects 2024 adjusted EPS of $10 to $10.50, compared with $9.50 to $10.50 previously. Analysts polled by Capital IQ are looking for $9.97.

Price: 53.41, Change: +4.48, Percent Change: +9.15