- General Motors (GM -3.2%) trades lower, despite posting a record Q3 profit on strength in North America.
- Investors may be focused on the $100M loss in Europe and comments from CFO Chuck Stevens on that "very very challenging" market.
- Stevens noted the negative impact of Brexit on GM for cars built in the U.K. and sold in EU-denominated nations.
- During the conference call, GM execs acknowledged a leveling off of auto sales is expected. Ford execs have been saying the same thing for several months.
- Previously: General Motors beats by $0.28, beats on revenue (Oct. 25)
- Previously: GM higher after record profit in Q3 (Oct. 25)
- GM earnings call transcript