Investing.com -- General Motors (NYSE:GM) on Tuesday suspended its guidance and froze share buyback program in response to new Trump tariffs.
The company reported first-quarter earnings and revenue that topped analyst expectations.
GM’s shares fell nearly 3% in U.S. premarket trading.
The automaker posted Q1 earnings per share (EPS) of $2.78, surpassing analyst expectations of $2.61. Revenue for the period came in at $44.02 billion, ahead of the $43.26 billion expected by analysts.
Adjusted EBIT came in at $3.49 billion, down 9.8% year-over-year but slightly above the expected $3.45 billion. Adjusted automotive free cash flow totaled $811 million, a 26% decline from a year ago and below the forecast of $833.9 million.
According to Bloomberg, GM is withdrawing its 2025 earnings outlook and pausing $4 billion in share repurchases as it evaluates the potential effects of new U.S. tariffs. The move highlights how President Donald Trump’s trade measures are disrupting corporate planning across American industries.
“Because the original guidance didn’t include impact from tariffs, prior guidance can’t be relied upon,” Paul Jacobson, GM’s chief financial officer, said on a call with reporters, Bloomberg reported.
“We will update when we have more information on tariffs," he added.
GM Chair and CEO Mary Barra and CFO Paul Jacobson will hold a rescheduled earnings call on Thursday, May 1 at 8:30 am ET to discuss the Q1 results and provide updated 2025 guidance.