General Motors' profit and revenue declined in its second-quarter but the automaker's results managed to easily top Wall Street's expectations and the company stuck by its full-year financial outlook that it lowered in May.

General Motors Company (NYSE:GM) is navigating a complex automotive landscape, contending with rising tariffs and significant capital expenditures, yet the company remains steadfast in its projection of $7.

GM saw its profits diminish as EVs, tariffs, and warranties whittled away 34.5 percent of the company’s net income. It brought in $1.9 billion in net income, while at the same time gaining a 17.4 percent share of the US car market.

Analysts said GM may need to cut investment in future projects or find other ways to trim spending to offset the effect of tariffs.

Automaker General Motors posted a 12% sales gain through the first half of year while working to mitigate the effects of President Donald Trump's tariffs.

US stocks were mixed as investors prepared for earnings season to pick up steam, with Big Tech earnings ahead.

GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.

General Motors stock rose early Monday, but couldn’t hold gains, after a bold call from a Wall Street analyst.Benchmark analyst Mickey Legg initiated coverage of GM stock with a Buy rating and $65 price target.