See which stocks are posting big moves after the bell on Wednesday.
that the automaker and United Auto Workers union are nearing a tentative agreement that could end the union's ongoing strike, according to two people familiar with the negotiations. Approximately 48,000 UAW members have been on strike against GM since Sept. 16.reached a year-to-date high Wednesday, but slid as much as 2.75% during extended trade after the company reported mixed third-quarter earnings.
The company's shares dropped despite better-than-expected home deliveries and net orders. KB Home delivered 3,022 homes and its net orders rose to 3,325, while investors expected 2,948 deliveries and 3,064 net orders. The home-builder's average selling price slipped, however, reporting an average of $381,400 compared to the $398,000 analysts had anticipated, according to Refinitiv.shares dropped 7% after the company lowered its full-year earnings guidance.
For the third quarter, the company reported earnings of 86 cents per share ex-items on revenue of $725 million, compared the 90 cent per share increase and revenue of $749 million Wall Street was expecting.popped 4% after its strong first-quarter earnings, reporting earnings of 57 cents per share ex-items and revenue of $542 million. Analysts had forecast a 51 cent per share increase on revenue of $495 million for the aviation services company, according to Refinitiv consensus estimates.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves after hours: Nike, Broadcom, HD Supply and moreSee which stocks are posting big moves after the bell Tuesday.
Read more »
GM is bringing Amazon Alexa to all of its new and some older vehiclesThe partnership promises to solve the problems of balky voice-command systems in cars and distracted driving.
Read more »
Sanders thanks striking GM union members for fighting against 'corporate greed'During a visit to a GM plant in Detroit, Bernie Sanders condemned the automaker and other large corporations for their business practices, specifically calling out executive compensation and attempted cuts to health care plans.
Read more »
Customers, Dealers Start to Feel Pinch of GM StrikeAs a strike at General Motors persists through a second week, many vehicle owners are showing up at GM dealerships to find they are having to wait to get their cars fixed or serviced.
Read more »
UAW and GM close in on tentative deal to end strikeThe United Auto Workers union and General Motors are closing in on a tentative agreement that could soon end the union's ongoing strike against the automaker.
Read more »