Semiconductor shortage or not, General Motors posted a Q3 report that handily beat the street's estimates. The automaker also offered optimism in the form of their full year guidance, stating that it would come in at the "high end" of its previous range. Shares popped on the news before fading into red territory on worries that the shortage would persist, however.
Morgan Stanley analyst Adam Jonas called the quarter "messy", despite the numbers, Bloomberg reported. He cited inventory, one-time items and a fourth-quarter view that seemed "slightly…GM Slumps Despite Beating Wall Street Estimates
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