# General Motors Shares Fall More Than 6% Premarket Despite Earnings Beat By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/36044 Published: 2026-10-20T22:31:56.000Z Updated: 2026-10-20T22:31:56.000Z Section: Investing > GM narrowed its 2026 adjusted operating profit forecast, but the midpoint remained $15 billion. General Motors shares fell more than 6% in premarket trading Tuesday, Oct. 20, even as the automaker beat third-quarter earnings expectations and approved a $20 billion share repurchase authorization. GM reported revenue of $50.02 billion, up 2.9% from a year earlier. Adjusted earnings were $3.70 per share, compared with $2.80 per share in the third quarter of 2025. Adjusted operating profit reached $4.1 billion. Adjusted automotive free cash flow rose 40% from a year earlier to $5.9 billion, giving GM more cash as it plans further share repurchases. GM's updated 2026 outlook puts adjusted operating profit at $14.5 billion to $15.5 billion, compared with its earlier range of $14 billion to $16 billion. The midpoint of both ranges is $15 billion. GM expects to use the [new $20 billion share repurchase authorization]() over several years. It follows a $6 billion repurchase program announced earlier this year. ## Links in this article - [new $20 billion share repurchase authorization](https://www.tokenpost.com/news/business/35738)